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Eclipse Business Capital Provides $85MM ABL Credit Facility to Electronics Retailer

Date: Mar 05, 2024 @ 07:49 AM
Filed Under: Retail

Eclipse Business Capital (“EBC”) provided an $85 million senior secured ABL credit facility to an electronics retailer.
 
The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing revolving credit facility and provide additional liquidity for working capital purposes.

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

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