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Encina Business Credit Provides $30MM Credit Facility for Coal Producer
Wednesday, December 4, 2019

Lenders/Participants Encina Business Credit, LLC [Lender]
Structure Senior Secured Credit Facility
Amount $30.000 Million
Borrower(s) Undisclosed
Description The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds will be used to provide a dividend and to support working capital, capex, and other corporate requirements. Transacction details not disclosed.
Industry Energy
Related Tags Encina Business Credit

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