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Eclipse Business Capital Provides $100MM ABL Credit Facility to Specialty Chemical Manufacturer

Date: Nov 13, 2023 @ 08:00 AM
Filed Under: Chemicals

Eclipse Business Capital provided a $100 million senior secured ABL credit facility to a specialty chemical manufacturer.

The credit facility is secured by accounts receivable and inventory. The transaction will provide the Company with ongoing working capital and letter of credit support as it exits from bankruptcy.

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

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