FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Encina Business Credit Supports Transom Capital’s Acquisition of A.T. Cross Company

November 29, 2017, 07:28 AM
Filed Under: Manufacturing

Encina Business Credit, LLC (EBC) announced that it has provided an asset-based credit facility to A.T. Cross Company (Cross). The financing was used to help fund Transom Capital Group’s acquisition of the company’s assets.

Based in Providence, Rhode Island, Cross is the nation’s largest and oldest manufacturer of fine writing instruments and related accessories. Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks. The firm provides revolving lines of credit and term loans ranging in size from $5–50 million and secured by accounts receivable, inventory, machinery & equipment and real estate. The platform lends to both privately-owned (sponsor and non-sponsor) and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations. Positive cash flow is not a requirement.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.