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Eclipse Business Capital Closes $170MM ABL Credit Facility for Specialty Retailer

May 28, 2024, 08:00 AM
Filed Under: Retail

Eclipse Business Capital provided a $170 million senior secured ABL credit facility to a specialty retailer.
The credit facility is secured by accounts receivable and inventory.  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.

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