Eclipse Business Capital (“EBC”) closed a $65 million senior secured credit facility to a manufacturer in the FB&A industry.
The credit facility is secured by accounts receivable and inventory. The transaction refinances the Company’s existing bank debt and provides additional liquidity for ongoing working capital needs. The refinance was in conjunction with a larger restructuring 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.