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eCapital Provides $30MM Facility to Prominent Oilfield Services Company in Cross-Border Deal

August 17, 2022, 07:00 AM
Filed Under: Energy Services
Related: eCapital

eCapital Corp. announced a $30 million working capital lending facility to a leading, multinational company in the oilfield services industry, completed under eCapital’s Commercial Finance division.

To strengthen its competitive edge in the market, the fast-growing business acquired several companies over the last few years in the U.S. and Canada, each with its own working capital facility. The eCapital asset-based lending line consolidates all funding streams to one lender, maximizing workflow efficiency. The funds will be used for ongoing working capital and to fuel the company’s rapid growth.

“This was a large and complex cross-border deal involving multiple companies and the team knocked it out of the park,” said Brian Cuttic, Managing Director, Commercial Finance. “I’m incredibly proud and grateful to our team that worked together tirelessly up until the very end to make it happen.”


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