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Arena Investors Closes $300MM Senior Secured Credit Facility Structured, Agented by Encina Lender Finance

March 24, 2022, 07:46 AM
Filed Under: Lender Finance

Arena Investors and Encina Lender Finance (“ELF”) closed a $300 million credit facility (which includes an accordion feature) for Arena’s Corporate Private Credit business segment, which provides capital to privately-held companies.

Arena has a track record providing financing to privately-held businesses and private equity backed middle market companies, with loan sizes ranging from $10 to $50 million across a wide range of industries in the United States. Arena’s corporate direct lending strategy focuses on identifying companies with more than $5 million of EBITDA and enterprise value between $25 million and $250 million. In addition to its ability to structure debt-based instruments, Arena is actively making minority and control equity investments in middle market companies.

“Arena’s level of expertise, sophistication and track record making cash flow-based loans is impressive,” said Luke Graham, CEO of ELF. “In addition, the creativity and solutions-oriented focus of the Arena team during the transaction process was exceptional. These traits make them a superb manager and a great partner for middle market companies. We look forward to working with Scott Gold and his team to help scale their business.”

Scott Gold, Arena’s Managing Director of Corporate Private Credit, added, “The team at Encina very quickly understood the opportunity and provided a compelling, highly flexible and thoughtfully structured leverage facility. ELF was able to provide Arena with a leverage facility that makes our product offering that much more compelling.”

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