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ENCINA BUSINESS CREDIT BUILDS OUT WESTERN REGION BY HIRING INDUSTRY VETERANS MATT GRIMES AND DAVID BRAFF

Fast-Growing ABL Platform Also Promotes Tron Allen to Oversee and Continue Buildout of Central Region Chicago, IL – January 16, 2019 – Encina Business Credit, LLC (EBC) announced today that it has made several key personnel moves aimed at accelerating the already significant growth that the company experienced in 2018. Industry veteran Matt Grimes has

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Encina Business Credit Provides $45MM Credit Facility to Technical Consumer Products

Technical Consumer Products, Inc., a global manufacturer and distributor of energy efficient lighting technologies, announced that it has closed a $45 million credit facility with Encina Business Credit, LLC. TCP put in place this new credit facility following the previously-announced closure of the merger transaction of its parent company into Quality Light Source GmbH, an

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BANK OF AMERICA, WELLS FARGO, ENCINA BUSINESS CREDIT TO PROVIDE $75MM ABL TO BASIC ENERGY SERVICES

Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the “Prepackaged Plan”), which received near unanimous support from voting creditors.  The Company is expected to emerge from bankruptcy as early as today. According to the “Second Plan

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