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Encina Business Credit Closes $70MM Revolver for Private Label Milk Distributor

July 23, 2020, 08:59 AM
Filed Under: Distribution

Encina Business Credit, LLC (EBC) announced that it has provided a $70 million senior secured revolving credit facility to a leading national processor and distributor of branded  and private label milk. The revolver was provided to help finance the acquisition of the company and to provide ongoing working capital financing. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory.

Launched in 2016, EBC is one of the country’s top independent asset-based lending platforms that provides financing to middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10-100 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate.

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