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 …