During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.  

Notable transactions include:

• $75 million for automotive emissions services company; Encina Private Credit provided a first out revolver and term loan

• $70 million for global manufacturer of highly engineered industrial products; Encina Private Credit acted as revolver agent and first out term loan lender

• $77 million for manufacturer of waste equipment supplies and replacement parts; Encina Private Credit provided a first out revolver and term loan.