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 …

Encina Provides $25MM Facility to Pharmaceutical Company

Olivia Coolbrith Press, Revolving Credit Line

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 $45MM Facility to Supplier of Hydroponic Products

Olivia Coolbrith Press, Revolving Credit Line, Term Loan

Chicago, IL July 29, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds were used to refinance an …

Encina Adds Ken Pardue to its Business Development Team

Olivia Coolbrith Press

Chicago, IL – July 15, 2019 – Encina Business Credit announced that Ken Pardue joined its business development team as a Senior Managing Director. Mr. Pardue is a senior leveraged finance professional with over 20 years’ experience in executive management, new deal originations, and underwriting and portfolio management. He previously served in leadership roles at …