Encina Provides $25MM ABL Revolver to Government Services Company

admin Press, Revolving Credit Line

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which will be used primarily to provide working capital for growth. Launched …

GE Capital Veterans Reunite to Launch Encina Equipment Finance

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Encina Capital Partners, LLC (Encina) and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (Oaktree Investor) together announced today that they have launched Encina Equipment Finance, LLC (EEF), a new independent equipment finance company targeting non-investment grade borrowers in the U.S. and Canada that cannot obtain required equipment financing from traditional banks. Headquartered in Danbury …

Encina Provides $25MM ABL Facility to Electronic Device Repair Company

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Encina Business Credit, LLC (EBC) announced that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company based in the Midwestern U.S. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which will be used to fund working capital associated …

Encina Provides $7MM ABL Revolver to Specialized Printer

admin Press, Revolving Credit Line

Encina Business Credit, LLC (EBC) announced that it has provided a $7.0 million asset-based revolving credit facility to a specialized printing company based in the Northeastern U.S. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which will be used to refinance the borrower’s existing credit …

Top 10 Asset-Based Finance News Stories of 2016

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Here is a list of the stories that sparked the most interest in the asset-based finance industry during a tumultuous 2016. Former Gibraltar CEO Launches Stonegate CapitalFormer Gibraltar Capital CEO Darren Latimer launched Stonegate Capital Holdings to provide $1 million to $10 million asset-backed loans to established lower middle market enterprises and emerging brands. Wells …

Bank of America, Wells Fargo, Encina to Provide $75MM ABL to Basic Energy Services

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Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the “Prepackaged Plan”), which received near unanimous support from voting creditors.  The Company is expected to emerge from bankruptcy as early as today.According to the “Second Plan Supplement” …

Encina Provides $7.5MM ABL Revolver to Recreational Products Company

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Encina Business Credit, LLC (EBC) announced today that it has provided a $7.5 million asset-based revolving credit facility to a recreational products company based in the Midwestern U.S. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which will be used to refinance the borrower’s …