Encina Business Credit, LLC announced that it has provided a $72.5 million senior secured credit facility to a leading manufacturer and distributor of heating, ventilating and cooling products used in both residential and commercial applications.
The credit facility, comprised of both a revolver and term loan, provided acquisition capital to a leading global alternative investment firm.
Encina’s expedient and flexible approach, hallmarks of its execution in all transactions, were important differentiators that allowed the acquirer to meet the seller’s expectations for a quick closing.