Encina Announces the Closing of a $25MM Credit Facility with etailz, Inc.

Olivia Coolbrith Revolving Credit Line

Encina Business Credit, LLC (“EBC”) announces the completion of a $25.0 million senior secured revolving credit facility for etailz, Inc. The facility will be used to refinance an existing facility and to support etailz ongoing working capital, capex, and general corporate requirements. etailz, Inc. (www.etailz.com), headquartered in Spokane, Washington, USA, was founded in 2008, has …

Encina Announces a $50MM New Money DIP Facility for the McClatchy Company

Olivia Coolbrith DIP Facility

Encina Business Credit, LLC (“EBC”) announces the completion of a $50.0 million revolving credit facility for The McClatchy Company (“McClatchy”). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working capital needs during bankruptcy. The facility is also structured to automatically convert to an exit financing upon meeting certain criteria. McClatchy …

Encina Provides $10MM Facility to a Leading Provider of Oilfield Equipment & Services

Olivia Coolbrith Revolving Credit Line

Chicago, IL December 30, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services. The facility consists of a revolving line of credit based on accounts receivable. Loan proceeds will be used to replace an existing …

Encina Provides $15MM Facility to a Coal Company

Olivia Coolbrith Revolving Credit Line

Chicago, IL December 18, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance …

Encina Provides $30MM Facility to Coal Producer

Olivia Coolbrith Revolving Credit Line

Chicago, IL December 3, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds will be used to …

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 …