RG Barry Corp, the American manufacturer of slippers based in Ohio, has obtained a 3-year loan from the Huntington National Bank. The loan replaces an asset-based secured lending agreement with CIT Group’s commercial services unit, which expired on March 31. It provides a maximum of $20 million in unsecured revolving credit in the first year, which is reduced to $16 million in the second year and to $12 million in the third. RG Barry described the loan as «attractive» and «cost-effective,» adding that it addresses its short-term working capital needs and will enable future growth strategies.