Encina Provides $40MM Revolving Credit Facility to Food Packaging Company

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $40 million senior secured revolving credit facility to a food packaging company. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing bank facility. Encina arranged to bring in another lender to …