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 …
Encina Hires Former Executive Jeffrey Linstrom as General Counsel
Chicago, IL – January 25, 2018 – Encina Business Credit, LLC (EBC) announced today that Jeffrey Linstrom has joined the company as General Counsel. Mr. Linstrom, who is based out of EBC’s headquarters in Chicago, has approximately 30 years of experience in asset-based lending, commercial finance and restructuring finance. Before joining the company, he spent …
Encina Appoints Stephen Beriau to Lead Originations for Midwest Region
Chicago, IL – January 19, 2018 – Encina Business Credit, LLC (EBC) announced today that Stephen Beriau has been appointed Managing Director of Originations with responsibility for leading new business development activity for the Midwest Region. Mr. Beriau, who is based out of the company’s headquarters in Chicago, assumes this new role with the benefit …
Encina Adds GE Capital Veteran Clark D. Griffith to Lead West Coast Originations
Chicago, IL – January 10, 2018 – Encina Business Credit, LLC (EBC) announced today that Clark D. Griffith has joined the company as Senior Managing Director to lead originations on the West Coast. Mr. Griffith, who is based in Los Angeles, has nearly 20 years of experience in asset-based lending and commercial finance, mostly with …