Fortune closes on $32M line of credit

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Indianapolis-based Fortune Industries Inc. has closed on a $32 million line of credit with the company’s majority shareholder, Carter Fortune.

The credit line replaces one with Fifth Third Bank and is secured by most of the company’s assets. John Fisbeck, the company’s CEO, will personally guarantee up to half of the credit line.

The company operates in segments including wireless infrastructure, ultraviolet technologies, electronics integration and human resources solutions.

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