Eclipse Business Capital (“EBC”) provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industy.
The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing revolving credit facility and provide additional liquidity for working capital purposes.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with confidence that its business needs would be met.