Encina Upsizes Senior Credit Facility to $500MM

Olivia Coolbrith Press, Revolving Credit Line

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 is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada.  The firm provides revolving lines of credit and term loans ranging in size from $10 – $100 million and secured by accounts receivable, inventory, machinery & equipment and real estate.  The platform lends to both privately-owned (sponsor and non-sponsor) and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products.  Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations.  Positive cash flow is not a requirement.