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 …

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 …