Encina Business Credit provided an $80 million senior secured revolving credit facility to a national distributor of media and consumer goods.
The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility and provide ongoing working capital financing.
Encina’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower confidence that its business needs would be met.