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Eclipse Business Capital Provides $125MM Financing to an Integrated Steel Manufacturer

April 19, 2022, 07:55 AM
Filed Under: Steel

Eclipse Business Capital (“EBC”) completed a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital financing.  The new revolver from Eclipse will provide needed liquidity to allow the company to capitalize on its strong market position and technical expertise.

Jeffrey Stein, Chief Restructuring Officer for the company, commented, “EBC’s speedy execution of this transaction, coupled with its flexible approach, provided the borrower with the necessary liquidity and working capital needed to continue its operational and performance turnaround.”

Martin Battaglia, Chief Executive Officer of Eclipse Business Capital said, “We are excited to partner with this company and its management team to provide needed liquidity and working capital to allow them to grow and capitalize on their excellent market position and technical expertise.  We believe that these combined capabilities set the stage for their success in further integration and continuing strong performance.”

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