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LBC Credit Partners Supports OpenGate Capital’s Acquisition of Hufcor, Inc.

October 17, 2017, 07:00 AM
Filed Under: Lender Finance

LBC Credit Partners (LBC), a provider of financing solutions to middle market companies, provided a secured global term loan facility to support the acquisition of Hufcor, Inc. by OpenGate Capital, a Los Angeles-based private equity firm.

LBC served as Sole Agent for the secured global term loan facility and worked with a major commercial bank which provided a revolving credit facility.

Founded in 1900 with headquarters in Janesville, Wisconsin, Hufcor is the most installed brand of operable partitions worldwide. Hufcor offers its customers a global solution through dedicated manufacturing facilities in the United States, Australia, New Zealand, Germany, China and Malaysia. With its vast distribution network, the Company's products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.

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