Eclipse Provides $100MM Revolving Credit Facility to a Global Distributor
Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit announced today it has provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distributing company.
The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to refinance the borrowers existing facility and provide ongoing working capital financing.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower the 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 and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and terms ranging in size from $10 – 125 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate.
Since it was established, EBC has underwritten more than 70 transactions totaling over $1.7 billion in aggregate credit facilities. EBC has an experienced team of 47 professionals, located in Chicago, Boston, New York, Los Angeles, San Francisco, Houston, Charlotte and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.