Eclipse Business Capital 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.