Pen: handled the end (4-3)

I believe the answer is:

felt-tip

'pen' is the definition.
(I know that felt tip is a type of pen)

'handled the end' is the wordplay.
'handled' becomes 'felt' (feel can mean to handle).
'the end' becomes 'tip' (tip is a kind of end).
'felt'+'tip'='FELT-TIP'

(Another definition for felt-tip that I've seen is " Type of pen".)

I've seen this clue in The Times.

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