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Eclipse Business Capital Provides $100MM Revolving Credit Facility to BJ Energy Solutions

December 13, 2022, 07:55 AM
Filed Under: Energy

Eclipse Business Capital provided a $100 million senior secured revolving credit facility to BJ Energy Solutions.

The credit facility is secured by accounts receivable and real estate. The transaction was used to refinance outstanding debt and to fund capital expenditures needed for the growth and expansion of next generation fleets. “We are excited to be partnering with Eclipse Business Capital on this new credit facility and appreciate their support in executing our strategic plans.” – Warren Zemlak, President & CEO of BJ Energy.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 200 million that are secured by collateral such as accounts receivable, inventory, equipment, or real estate.

Since it was established, EBC has underwritten more than 84 transactions totaling over $3.25 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Boston, New York, Connecticut, Los Angeles, San Francisco, Houston, Dallas, Charlotte, and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.

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