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Eclipse Business Capital Provides $125MM DIP Revolving Credit Facility to Mattress Manufacturer

Date: Feb 07, 2023 @ 07:43 AM
Filed Under: Manufacturing

Eclipse Business Capital (“EBC”) financed a $125 million senior secured debtor-in-possession (“DIP”) revolving credit facility to a mattress manufacturer.

The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with existing lenders to de-lever and provide runway for a long-term business plan execution.

EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower confidence that its business needs would be met.

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