Encina Equipment Finance (EEF) announced it has upsized its senior credit facility to $250 million in total commitments. The facility now includes nine institutions, with four new institutions coming into the syndicate and three existing lenders increasing their respective commitment amounts.

EEF was represented by Reed Smith LLP.

Launched in June 2017, EEF provides loans and leases ranging in size from $5 million to $50 million and secured by essential-use machinery and equipment. The platform provides financing to both privately-owned (sponsor and non-sponsor) and publicly-traded companies across a wide range of collateral types, industries (including, but not limited to, construction, distribution, energy, food processing, healthcare, information technology, manufacturing, mining, paper & packaging, and transportation) and use cases (including loans against existing or newly-acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).