Encina Business Credit Provides $60MM Facility to Provider of Waste Management Solutions

Chicago, IL – December 20, 2018 – Encina Business Credit, LLC (EBC) announced today that it has
provided a $60 million senior secured credit facility to a provider of waste management solutions. The
credit facility consists of a revolver secured by accounts receivable, the proceeds of which are being used
to refinance the company’s existing senior credit facility, to fund potential acquisitions and to provide
working capital for growth.
Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market
borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in
size from $5 – $100 million and secured by accounts receivable, inventory, machinery & equipment and
real estate. The platform lends to both privately-owned (sponsor and non-sponsor) and publicly-traded
companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas,
services, distribution and consumer products. Borrowers use loan proceeds to fund working capital,
acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings
and other special situations. Positive cash flow is not a requirement.