Encina Provides $20 Million Credit Facility to Heritage Travelware, LTD.

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – June 6, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, IL, Heritage is a designer and distributor in the business case, luggage and travel goods industry.

The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds of which are being used to refinance the company’s existing senior secured asset-based credit facility and to provide for working capital.

source: Apparel via ABL Advisor