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
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
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 Provides $15MM Facility to Manufacturer of Engineered Products
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 $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 …
Encina Provides $65MM Facility to Leading Oilfield Services Provider
Chicago, IL September 17, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $65 million senior secured credit facility to an oilfield services company. This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will be used to refinance an existing facility and to …
Encina Upsizes Senior Credit Facility to $500MM
Chicago, IL – August 1, 2019 – Encina Business Credit, LLC (EBC) announced today that it has upsized its senior credit facility to $500 million in total commitments. The facility now includes 12 institutions. This increase in facility size will enable the firm to continue scaling its portfolio of asset-based loans. Launched in March 2016, EBC …