Chicago, IL – March 16, 2020 – Encina Business Credit, LLC (“EBC”) announces the completion of a $75.0 million revolving credit facility for Horizon Global Corporation (“Horizon”). The facility will be used to replace an existing facility and will provide for ongoing working capital. Horizon (www.horizonglobal.com), headquartered in Plymouth, Michigan, USA, was founded in 2015 …
Tracy Salyers and John Whetstone Appointed as Co-Heads of Portfolio Management
Chicago, IL – March 9, 2020 – Encina Business Credit, LLC (EBC) announced today that Tracy Salyers and John Whetstone have been named Executive Vice Presidents and Co-Heads of Portfolio responsible for leading all facets of account and relationship management. Ms. Salyers brings over 25 years of experience in all facets of secured lending, including …
Encina Announces the Closing of a $25MM Credit Facility with etailz, Inc.
Encina Business Credit, LLC (“EBC”) announces the completion of a $25.0 million senior secured revolving credit facility for etailz, Inc. The facility will be used to refinance an existing facility and to support etailz ongoing working capital, capex, and general corporate requirements. etailz, Inc. (www.etailz.com), headquartered in Spokane, Washington, USA, was founded in 2008, has …
Encina Announces a $50MM New Money DIP Facility for the McClatchy Company
Encina Business Credit, LLC (“EBC”) announces the completion of a $50.0 million revolving credit facility for The McClatchy Company (“McClatchy”). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working capital needs during bankruptcy. The facility is also structured to automatically convert to an exit financing upon meeting certain criteria. McClatchy …
Encina Provides $10MM Facility to a Leading Provider of Oilfield Equipment & Services
Chicago, IL December 30, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services. The facility consists of a revolving line of credit based on accounts receivable. Loan proceeds will be used to replace an existing …
Encina Provides $15MM Facility to a Coal Company
Chicago, IL December 18, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance …
Encina Provides $30MM Facility to Coal Producer
Chicago, IL December 3, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds will be used to …
Encina Provides $15MM Facility to a Coal Mining Company
Chicago, IL November 12, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by …
Encina Provides $15.3MM Facility to a Manufacturer of Thermoplastic Molds
Chicago, IL October 8, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds & modeled parts. The company provides customers in various industries with mold design, engineering, tooling, molding, assembly, and finished product. The facility consists of a …
Encina Provides $25MM Facility to Pharmaceutical Company
Chicago, IL October 7, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million senior secured credit facility to a pharmaceutical company. The company is focused on developing, manufacturing, and commercializing its three patented products, which aim to treat ADHD. This facility consists of a revolving line of credit …
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