Currently Browsing:Revolving Credit

Encina Business Credit Upsizes Existing Revolver Commitment to Government Services Company from $25 Million to $73.5 Million

Chicago, IL – June 7, 2018 – Encina Business Credit, LLC (EBC) announced today that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to  $73.5 million.  The increase in commitment amount coincides with the company closing a significant acquisition, and the expanded facility will be used

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Encina Business Credit Provides $20 Million Credit Facility to Heritage Travelware, LTD.

Chicago, IL – June 6, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, IL, Heritage is a designer and distributor in the business case, luggage and travel goods industry. The credit facility consists of a revolver

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Encina Business Credit Provides $15 Million Credit Facility to Sponsor-Owned Specialty Running Retailer

Chicago, IL – May 30, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million asset-based revolving credit facility to Running Specialty Group LLC (also known as JackRabbit), which is a Denver-based, omni-channel retailer of high-performance athletic footwear, apparel and accessories. JackRabbit is owned by an affiliate of CriticalPoint

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Encina Business Credit Provides $20MM Revolver to Consumer Products Company

Encina Business Credit, LLC (EBC) announced that it has provided a $20 million asset-based revolving credit facility to a consumer products company. The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds of which will be used primarily to provide working capital for growth. Launched in March 2016, EBC is

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Encina Business Credit Provides $12MM Credit Facility to U.S. Steel Distributor

Encina Business Credit, LLC (EBC) announced that it has provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S. The financing, which is comprised of a revolving line of credit and a term loan, will be used to refinance certain of the company’s existing indebtedness

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Encina Business Credit Provides $23MM Credit Facility to Tejas Tubular Products

Encina Business Credit, LLC (EBC) announced that it has provided a $23 million senior secured credit facility to Tejas Tubular Products, Inc. and certain of its affiliates (Tejas). The financing, which is comprised of a revolving line of credit and a term loan, will be used to refinance certain of the company’s existing indebtedness and to

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Encina Business Credit Provides $15MM Revolver to Energy Services Firm

Encina Business Credit, LLC (EBC) announced that it has provided a $15 million asset-based revolving credit facility to a manufacturer and service provider for the oil & gas industry that is based in the Southwestern U.S. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of

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