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News Stories (34 Results) - Eclipse Business Capital

Eclipse Business Capital provided a $101.2 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to an automotive parts manufacturer.  The credit facility is secured by accounts receivable, inventory, and... Read Story
July 09, 2024, 07:42 AM


West Marine and certain of its affiliates, the nation's leading omnichannel provider in the marine aftermarket, entered into a new $150 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The transaction extends the... Read Story
June 25, 2024, 08:02 AM


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... Read Story
May 28, 2024, 08:00 AM


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... Read Story
May 20, 2024, 07:35 AM


Eclipse Business Capital provided a $105.8 million senior secured credit facility, consisting of an asset-based revolving line of credit and term loan to a sporting goods manufacturer.  The credit facility is secured by accounts receivable, inventory... Read Story
May 13, 2024, 07:46 AM


Kent Outdoors announced a $100 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The new ABL facility follows recent investments from Goldman Sachs and Comvest Partners. These investments are critical to the Company's... Read Story
April 22, 2024, 07:58 AM


Eclipse Business Capital (“EBC”) provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industy.  The credit facility is secured by accounts receivable and... Read Story
March 25, 2024, 07:55 AM


Eclipse Business Capital (“EBC”) provided an $85 million senior secured ABL credit facility to an electronics retailer.  The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing... Read Story
March 05, 2024, 07:49 AM


Eclipse Business Capital (“EBC”) provided a $40 million senior secured ABL credit facility to a Canadian media company.The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing... Read Story
December 04, 2023, 07:50 AM


Eclipse Business Capital provided a $100 million senior secured ABL credit facility to a specialty chemical manufacturer.The credit facility is secured by accounts receivable and inventory. The transaction will provide the Company with ongoing... Read Story
November 13, 2023, 08:00 AM


Eclipse Business Capital provided a $23.4 million senior secured ABL credit facility to a distributor of travel products and accessories. The Company primarily sells branded products through Amazon and other various retailers.The credit facility is... Read Story
August 07, 2023, 08:00 AM


White Oak ABL, White Oak Commercial Finance, and other affiliates of White Oak Global Advisors, closed a new $287.5 million 3-year Senior Secured Credit Facility with Majestic Steel USA Inc., a Midwest based distributor and value-added service... Read Story
July 12, 2023, 08:00 AM


Eclipse Business Capital provided financing to certain members of Shoppers World in conjunction with their acquisition of Forman Mills.Shoppers World is a discount retailer with 40 locations owned by the Dushey family. With the acquisition, Shoppers... Read Story
June 29, 2023, 07:17 AM


Eclipse Business Capital announced that Anthony Lavinio has joined its underwriting team as a Managing Director.Lavinio is an asset-based lending professional with over 25 years of experience in underwriting, portfolio management, and new business... Read Story
March 01, 2023, 07:25 AM


Eclipse Business Capital (“EBC”), provided a $135 million senior secured revolving credit facility to an e-commerce retailer.The credit facility is secured by accounts receivable and inventory with the proceeds being used to refinance the existing... Read Story
February 28, 2023, 07:48 AM


Eclipse Business Capital (“EBC”) financed a $125 million senior secured debtor-in-possession (“DIP”) revolving credit facility to a mattress manufacturer.The credit facility is secured by accounts receivable and inventory. The transaction facilitates... Read Story
February 07, 2023, 07:43 AM


Eclipse Business Capital (“EBC”) provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25 million revolving line of credit and a $3.5 million machinery &... Read Story
January 25, 2023, 07:37 AM


Eclipse Business Capital announced that Kate Madine has joined the organization as a Managing Director.Ms. Madine is an experienced finance professional with a strong capital markets and commercial loan workout background that will be a great asset... Read Story
January 11, 2023, 07:23 AM


Eclipse Business Capital provided a $200 million senior secured revolving credit facility to a leading provider of products to the Petrochemical Industry.The credit facility is secured by accounts receivable and inventory that will be used to support... Read Story
January 09, 2023, 08:00 AM


Eclipse Business Capital provided a $40 million M&E term loan facility to an existing customer in the steel industry. In conjunction with the term loan, EBC increased the company’s revolving credit facility by $25 million from $125 million to $150... Read Story
December 20, 2022, 07:37 AM


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... Read Story
December 13, 2022, 07:55 AM


Eclipse Business Capital (“EBC”) provided a $10 million senior secured revolving credit facility in the automotive marketing industry. The credit facility is secured by accounts receivable and will be used to refinance an existing facility and to... Read Story
September 08, 2022, 07:34 AM


Eclipse Business Capital announced that Adrian Watson joined the organization as a Managing Director. Watson joins EBC from JP Morgan where he was a Sr. Underwriter in ABL. At Eclipse, Watson steps into the role of Business Development Officer and... Read Story
June 27, 2022, 08:00 AM


Eclipse Business Capital (“EBC”) completed a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital... Read Story
April 19, 2022, 07:55 AM


Eclipse Business Capital provided a $15 million senior secured revolving credit facility to a commercial hospitality furniture manufacturer and designer.The credit facility is secured by accounts receivable and inventory and will be used to refinance... Read Story
March 22, 2022, 07:48 AM


Banc of California hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and... Read Story
February 24, 2022, 08:05 AM


Eclipse Business Capital, formerly known as Encina Business Credit, provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, a $5.5 million M&E term loan facility, and an $11.5 million... Read Story
January 07, 2022, 08:05 AM


Eclipse Business Capital, formerly known as Encina Business Credit, provided a $45 million senior secured revolving credit facility to a coal mining company based in the U.S. and Canada. The credit facility is secured by accounts receivable and will... Read Story
December 07, 2021, 08:00 AM


Alpha Metallurgical Resources refinanced its Asset-Based Revolving Credit Facility, which was previously set to expire in April 2022. The new $155 million facility will mature in December 2024 and includes $125 million committed availability for... Read Story
December 07, 2021, 07:42 AM


Eclipse Business Capital (“EBC”), formerly known as Encina Business Credit, provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term... Read Story
October 04, 2021, 08:11 AM


Eclipse Business Capital (“EBC”) announced that Jim Gurgone has joined the organization as Chief Risk Officer. In this role, Gurgone will oversee EBC’s credit processes for its existing portfolio management verticals in addition to providing input... Read Story
September 30, 2021, 08:00 AM


Kaspien Holdings entered into an amended loan agreement with Eclipse Business Capital ("Eclipse," f/k/a Encina Business Credit, LLC or "Encina"). On February 20, 2020, the Company previously entered into a loan agreement with Encina for up to $25... Read Story
September 23, 2021, 07:31 AM


Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.The senior secured revolving line of... Read Story
August 13, 2021, 08:04 AM


Encina Business Credit announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management. This recapitalization provides liquidity necessary for Encina to... Read Story
August 06, 2021, 08:28 AM