Encina Provides $12.5MM Revolving Credit Facility to a Marketing Services Provider

Austin Capasso Press, Term Loan

Chicago, IL July 27, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $12.5 million senior secured credit facility to a provider of digital and telephonic marketing services. The facility consists of a senior secured revolving line of credit based on accounts receivable. Loan proceeds will be used to pay …

Encina Provides $70MM Revolving Credit Facility to a Processor and Distributor of Milk

Austin Capasso Press, Revolving Credit Line

Chicago, IL July 21, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $70 million senior secured revolving credit facility to a leading national processor and distributor of branded and private label milk. The revolver was provided to help finance the acquisition of the company and to provide ongoing working …

Encina Provides $35MM Facility to a Leading Supplier and Distributor of Paint Supplies

Austin Capasso Press, Revolving Credit Line

Chicago, IL June 22, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured credit facility to a leading retailer and distributor of paint and paint supplies. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory. Launched in 2016, …

Encina Business Credit Closes $180 million of New Business

Austin Capasso Press

Encina Business Credit closed five deals ranging in size between $15 million and $75 million in 1Q2020. Borrowers were both publicly traded and privately held, and included such industries as manufacturing, publishing, e-commerce, engineered products, and energy. As one of the country’s leading independent asset-based lending platforms, Encina’s success is a direct result of our …

Encina Announces the Closing of $75MM Facility with Horizon Global Corporation

Olivia Coolbrith Press, Revolving Credit Line

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

Olivia Coolbrith Press

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 Provides $15MM Facility to Manufacturer of Engineered Products

Austin Capasso Press, Revolving Credit Line, Term Loan

Chicago, IL – February 27, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a manufacturer of aluminum extrusions and highly engineered products. The credit facility consists of a revolving line of credit based on accounts receivable and inventory and a term loan …

Encina Provides $15.3MM Facility to a Manufacturer of Thermoplastic Molds

Olivia Coolbrith Press, Revolving Credit Line, Term Loan

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 …