Eclipse Business Capital (“EBC”) provided a $450 million senior secured ABL credit facility to a prominent long-established retailer.
The credit facility is secured by accounts receivable and inventory. The transaction refinances the Company’s bank-led credit facilities and provides additional liquidity for working capital purposes. Siena Lending Group participated in the transaction.
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.