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Encina Business Credit Provides $115MM Revolving Credit Facility to Retailer

November 13, 2020, 08:05 AM
Filed Under: Retail

Encina Business Credit announced that it is the Revolving Agent on a $115 million senior secured credit facility used to support the acquisition of a mid-sized discount retailer of home décor.  The revolving line of credit, which is collateralized by accounts receivable and inventory was used to support the purchase price and ongoing working capital needs of the borrower.

Encina’s expedient and flexible approach, coupled with its industry expertise in retail finance, provided the borrower and their new equity holder’s confidence to meet a tight timeline.

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