Eclipse Business Capital Provides $200 Million Exit ABL Facility For Company Emerging From Bankruptcy
Chicago, IL – January 9th, 2023 – Eclipse Business Capital (“EBC”), announced today that it has 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 ongoing working capital needs. EBC’s demonstrated track record of working with companies at various points of their business cycle, coupled with its flexible approach, 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 ranged of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – $200 million, secured by collateral such as accounts receivable, inventory, equipment, or real estate.
Since inception, EBC has underwritten more than 85 transactions totaling over $3.3 billion in aggregate credit facilities. EBC has an experienced team of 40 professionals located in Boston, Chicago, Dallas, Fort Lauderdale, Houston, Los Angeles, San Francisco, and Westport and provides financing to middle-market borrowers in the U.S. and Canada.