Chicago, IL – January 9, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior debt and provide working capital for growth. …
Encina Provides $60MM Facility to a Waste Management Firm
Chicago, IL – December 20, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $60 million senior secured credit facility to a provider of waste management solutions. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which are being used to refinance the company’s existing …
Encina Provides $10MM Loan to Online Products Retailer
Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to an online consumer products retailer. The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds of which have been used to refinance the company’s existing senior credit facility and to provide …
Encina Provides $18MM Facility to Plastic Molding Firm
Chicago, IL – October 25, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided an $18 million senior secured credit facility to a plastic injection molding company. The financing, which is comprised of a revolving line of credit and two term loans, will be used primarily to refinance the company’s existing …
Encina Provides $35MM Credit Facility to Trucking Company
Chicago, IL and Danbury, CT – October 18, 2018 – Encina Business Credit and Encina Equipment Finance jointly announced today that they have provided a $35 million senior secured credit facility to a medium- and long-haul trucking company. The financing, which is comprised of a revolving line of credit, a term loan and a delayed-draw capital …
Encina Provides Senior Secured Credit Facility to Steel Company
Chicago, IL – September 13, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a senior secured credit facility to Associated Steel Group, LLC and its subsidiaries. The financing, which is comprised of a revolving line of credit and two term loans, will be used primarily to refinance the company’s existing senior …
Encina Upsizes Existing Revolver from $25 Million to $73.5 Million
Chicago, IL – June 7, 2018 – Encina Business Credit, LLC (EBC) announced today that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to $73.5 million. The increase in commitment amount coincides with the company closing a significant acquisition, and the expanded facility will be used …
Encina Provides $20 Million Credit Facility to Heritage Travelware, LTD.
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 …
Encina Provides $15 Million Credit Facility to Sponsor-Owned Specialty Running Retailer
Chicago, IL – May 30, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million asset-based revolving credit facility to Running Specialty Group LLC (also known as JackRabbit), which is a Denver-based, omni-channel retailer of high-performance athletic footwear, apparel and accessories. JackRabbit is owned by an affiliate of CriticalPoint …
Encina Provides $45MM Facility to Technical Consumer Products
Technical Consumer Products, Inc., a global manufacturer and distributor of energy efficient lighting technologies, announced that it has closed a $45 million credit facility with Encina Business Credit, LLC. TCP put in place this new credit facility following the previously-announced closure of the merger transaction of its parent company into Quality Light Source GmbH, an …