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Encina Private Credit Provides $75MM First Out Commmitment as Revolver and Term Loan Lender

Date: Jul 30, 2024 @ 07:45 AM
Filed Under: Automotive

Encina Private Credit (“EPC”) served as Revolver and Term Loan lender for a sponsor owned portfolio company operating in the automotive services industry. EPC’s $75 million first out commitment augmented the existing Unitranche lender’s $300 Million Senior Secured Credit Facility and will be used for M&A and general working capital purposes.

Headquartered in Norwalk, CT, Encina Private Credit (EPC) is a specialty finance company that partners with direct lenders to provide enterprise value loans on a first out basis to private equity-sponsored and non-sponsored borrowers. EPC provides credit solutions in the form of Revolvers, Term Loans and DDTL’s.

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