ENCINA BUSINESS CREDIT PROVIDES $42 MILLION CREDIT FACILITY TO CONSUMER PRODUCTS COMPANY

Chicago, IL –March 5, 2019–Encina Business Credit, LLC (EBC)announced today that it has provided a$42million senior secured credit facility to a consumer products company. The credit facility consists of a revolving line of credit and two term loans, the proceeds of which are being used to refinance existing debt and fund 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$10–$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.