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Eclipse Business Capital Provides $142MM Senior Credit Facility to Global Metals Distributor

January 07, 2022, 08:05 AM
Filed Under: Distribution

Eclipse Business Capital, formerly known as Encina Business Credit, provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, a $5.5 million M&E term loan facility, and an $11.5 million real estate term loan facility to a global distributor of metals.

The credit facilities are secured by accounts receivable, inventory, and fixed assets, and were used to refinance existing indebtedness and to provide ongoing working capital financing.

EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with confidence that its business needs would be met.

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