Eclipse Business Capital Closes $135 Million ABL Credit Facility to Waste Management Service Provider
Chicago, IL – December 17th, 2024 – Eclipse Business Capital LLC (“EBC”) announced that it has provided a $135 million ABL credit facility to a service provider in the waste management industry.
The credit facility is secured by accounts receivable and related business assets. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, and one-stop solution, provided the borrower with 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 – $250 million that are secured by collateral such as accounts receivable, inventory, equipment, real estate, and intellectual property.
Since it was established, EBC has underwritten more than 103 transactions totaling over $4.8 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Dallas, New York, Connecticut, Los Angeles, Houston, and Charlotte and provides financing to middle-market borrowers in the U.S. and Canada.
If you’d like to learn more about EBC, please visit us at: www.eclipsebuscap.com