Eclipse Business Capital Provides $135mm Revolving Credit Facility to E-commerce Retailer
Chicago, IL – February 24th, 2023 – Eclipse Business Capital LLC (“EBC”) announced that it has 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 line of credit. EBC’s demonstrated track record of executing quickly, coupled with its industry expertise, provided the borrower confidence that its business needs would be met.
Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 200 million that are secured by collateral such as accounts receivable, inventory, equipment, or real estate.
Since it was established, EBC has underwritten more than 90 transactions totaling over $3.5 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Boston, Dallas, New York, Los Angeles, San Francisco, Houston, Charlotte, and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.