FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Eclipse Business Capital Closes $18.5MM Senior Secured Credit Facility to Mining Company

May 20, 2024, 07:35 AM
Filed Under: Mining

Eclipse Business Capital provided a $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.
The credit facility is secured by accounts receivable, inventory, and machinery & equipment.  The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.

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.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.