Banc of California hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and...
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February 24, 2022, 08:05 AM
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Encina Equipment Finance, LLC (EEF) announced the promotion of Jaime Soter to Senior Vice President and Team Leader and Helen Steinberg to Vice President.As Senior Vice President and Team Leader, Soter will have responsibility for mentoring and...
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February 01, 2022, 07:45 AM
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Eclipse Business Capital, formerly known as Encina Business Credit, provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, a $5.5 million M&E term loan facility, and an $11.5 million...
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January 07, 2022, 08:05 AM
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Eclipse Business Capital (“EBC”), formerly known as Encina Business Credit, provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term...
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October 04, 2021, 08:11 AM
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Kaspien Holdings entered into an amended loan agreement with Eclipse Business Capital ("Eclipse," f/k/a Encina Business Credit, LLC or "Encina"). On February 20, 2020, the Company previously entered into a loan agreement with Encina for up to $25...
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September 23, 2021, 07:31 AM
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Encina Equipment Finance (EEF) promoted Rick Matte to President and Chief Executive Officer. Matte previously held the role of President and Chief Operating Officer. Following this promotion, Matte will have oversight of and responsibility for EEF’s...
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August 16, 2021, 08:08 AM
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Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.The senior secured revolving line of...
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August 13, 2021, 08:04 AM
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Encina Business Credit announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management. This recapitalization provides liquidity necessary for Encina to...
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August 06, 2021, 08:28 AM
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Encina Equipment Finance announced the pricing and closing of its first assetbacked securities transaction. The $258.4MM offering was backed by a diverse pool of equipment loans and leases to 43 obligors across a variety of industries.EEF’s...
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June 01, 2021, 08:00 AM
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Encina Business Credit provided an $80 million senior secured revolving credit facility to a national distributor of media and consumer goods.The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory...
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May 19, 2021, 08:00 AM
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Tiger Finance and Encina Business Credit closed on $48.5 million in growth financing to Daytona Apparel Group, a portfolio company of Windsong Global.The revolver/term loan, arranged by Tiger Finance, will strengthen the balance sheet and support the...
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May 14, 2021, 08:00 AM
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Encina Business Credit added Garett Figueroa to its business development team as a Managing Director.In his role, Figueroa will be responsible for expanding business development efforts in Wisconsin, Ohio, Missouri, Kansas, and Minnesota, while also...
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May 06, 2021, 07:31 AM
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Encina Business Credit provided a $10 million senior secured revolving credit facility to a designer, marketer, and distributor of mid-priced and premium bicycles. The revolving line of credit, which is collateralized by accounts receivable and...
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April 08, 2021, 07:00 AM
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Encina Business Credit (EBC) promoted Tron Allen to Chief Commercial Officer. Allen most recently served as EBC’s Executive Managing Director and Central Region Leader. He joined the company in connection with its March 2016 launch as a Senior...
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April 06, 2021, 07:59 AM
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Encina Business Credit announced that Barry Vecker joined its business development team as a Managing Director.Vecker is an asset-based lending finance professional with over 25 years’ experience in new deal originations, underwriting and portfolio...
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March 23, 2021, 07:50 AM
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Encina Business Credit provided a $25 million senior revolving credit facility to an e-commerce retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital...
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February 23, 2021, 07:42 AM
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Encina Business Credit provided a $21 million senior secured revolving credit facility to a regional retail pharmacy chain.The senior secured revolving line of credit, which is collateralized by accounts receivable, inventory, and prescription...
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February 03, 2021, 07:45 AM
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Encina Business Credit provided a $35 million senior secured revolving credit facility to a retailer.The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s...
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January 21, 2021, 07:39 AM
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Encina Business Credit provided a $40 million senior secured revolving credit facility to a food packaging company.The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the...
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January 12, 2021, 08:05 AM
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Encina Business Credit provided a $30 million senior secured revolving credit facility to an e-commerce retailer.The senior secured revolving line of credit, which is collateralized by accounts receivable, credit card receivables, and inventory, was...
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January 05, 2021, 08:30 AM
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Encina Business Credit provided an $80 million senior secured revolving credit facility to a leading global provider of Business Process Services. The senior secured revolving line of credit, which is collateralized by accounts receivable, was used...
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November 20, 2020, 08:25 AM
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Encina Business Credit announced that it is the Revolving Agent on a $115 million senior secured credit facility used to support the acquisition of a mid-sized discount retailer of home décor. The revolving line of credit, which is collateralized by...
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November 13, 2020, 08:05 AM
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Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced today that they have launched Encina Lender Finance, LLC (“ELF”), a new independent lender finance platform targeting...
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October 22, 2020, 08:30 AM
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Encina Business Credit, LLC announced that it has provided a $75 million senior secured revolving credit facility to a leading global provider of risk management and operational support services to government and commercial clients.The senior secured...
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October 08, 2020, 09:15 AM
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Encina Business Credit, LLC announced that it has provided a $72.5 million senior secured credit facility to a leading manufacturer and distributor of heating, ventilating and cooling products used in both residential and commercial applications.The...
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October 01, 2020, 08:30 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $50 million senior secured credit facility to a news publishing company.The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory....
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September 21, 2020, 08:00 AM
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Encina Business Credit (EBC) announced that it has provided a $12.5 million senior secured credit facility to a provider of digital and telephonic marketing services. The facility consists of a senior secured revolving line of credit based on...
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July 28, 2020, 08:48 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $70 million senior secured revolving credit facility to a leading national processor and distributor of branded and private label milk. The revolver was provided to help finance the...
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July 23, 2020, 08:59 AM
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Encina Business Credit, LLC (EBC) announces the completion of a $75.0 million revolving credit facility for Horizon Global Corporation (Horizon). The facility will be used to replace an existing facility and will provide for ongoing working...
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March 17, 2020, 09:10 AM
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Encina Business Credit, LLC (EBC) announced that Tracy Salyers and John Whetstone have been named Executive Vice Presidents and Co-Heads of Portfolio responsible for leading all facets of account and relationship management. Ms. Salyers brings over...
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March 10, 2020, 09:15 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million senior secured credit facility to a leading oilfield services pressure pumping company. The credit facility consists of a revolving line of credit based on accounts...
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March 05, 2020, 08:55 AM
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Encina Business Credit, LLC (EBC) announced the completion of a $50.0 million revolving credit facility for The McClatchy Company (McClatchy). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working...
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February 14, 2020, 09:05 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services. The facility consists of a revolving line of credit based on accounts receivable. Loan...
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December 30, 2019, 08:55 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will...
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December 19, 2019, 08:50 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production. The facility consists of a revolving line of credit based on accounts...
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December 04, 2019, 08:45 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan...
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November 13, 2019, 08:45 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds & modeled parts. The company provides customers in various industries with mold design...
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October 08, 2019, 08:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $25 million senior secured credit facility to a pharmaceutical company. The company is focused on developing, manufacturing, and commercializing its three patented products, which aim...
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October 07, 2019, 08:45 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $65 million senior secured credit facility to an oilfield services company. This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will...
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September 18, 2019, 08:55 AM
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Encina Business Credit, LLC (EBC) announced that it has upsized its senior credit facility to $500 million in total commitments. The facility now includes 12 institutions. This increase in facility size will enable the firm to continue scaling its...
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August 01, 2019, 09:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products. The facility consists of a revolving line of credit based on accounts receivable...
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July 30, 2019, 08:50 AM
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Encina Business Credit announced that Ken Pardue joined its business development team as a Senior Managing Director.Pardue is a senior leveraged finance professional with over 20 years’ experience in executive management, new deal originations, and...
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July 16, 2019, 08:55 AM
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Encina Business Credit, LLC (EBC) announced that Dan deBrauwere and Steve Janson have joined the company as Business Development Officers. deBrauwere, who will cover southern California from Los Angeles, is a well-respected leader in the financial...
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June 04, 2019, 08:45 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $24 million senior secured credit facility to an oilfield services company.The facility consists of a revolving line of credit and a term loan. Loan proceeds were used to refinance a...
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May 20, 2019, 08:40 AM
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Encina Business Credit, LLC (EBC) announced that Chris Clifford has joined the company as its Chief Operations Officer. Mr. Clifford, who will work at EBC’s headquarters in Chicago, is a 30-year veteran of the asset-based finance industry having...
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May 01, 2019, 09:15 AM
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Encina Business Credit, LLC (EBC) announced Dan Williams has joined the company as a Managing Director. He and Sean Sheehan will co-lead origination efforts throughout the Northeast, focusing on New York and Boston, and they will report to Rob...
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April 23, 2019, 09:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $57.5 million senior secured revolving credit facility to a manufacturer and supplier of concrete construction products. The credit facility consists of a revolving line of credit...
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April 19, 2019, 09:05 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $15 million senior secured revolving credit facility to a metal engineering and fabricating company. The credit facility consists of a revolving line of credit based on accounts receivable...
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April 10, 2019, 08:47 AM
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Encina Business Credit, LLC (EBC) announced that Jim B. Allin has joined the company as Managing Director to lead origination efforts in Texas and Louisiana. Allin has more than 35 years of experience in asset-based lending and international...
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April 04, 2019, 09:10 AM
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Encina Business Credit, LLC (EBC) announced that Bond Harberts has been appointed Senior Managing Director & Head of Underwriting with responsibility for leading the firm’s underwriting function. Based out of EBC’s headquarters in Chicago, he will...
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March 06, 2019, 08:38 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company. The credit facility consists of a working capital revolver secured primarily by accounts...
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February 21, 2019, 07:08 AM
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Encina Business Credit, LLC (EBC) announced that it has made several key personnel moves aimed at accelerating the already significant growth that the company experienced in 2018.
Industry veteran Matt Grimes has joined EBC as Senior Managing...
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January 17, 2019, 08:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $17 million senior secured credit facility to a manufacturer of heavy-duty chassis for specialized vehicles. The financing, which is comprised of a revolving line of credit and two...
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January 10, 2019, 07:06 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior...
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January 08, 2019, 07:06 AM
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Encina Business Credit, LLC (EBC) announced today that it has provided a $60 million senior secured credit facility to a provider of waste management solutions. The credit facility consists of a revolver secured by accounts receivable, the proceeds...
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December 20, 2018, 08:06 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $10 million senior secured credit facility to an online consumer products retailer. The credit facility consists of a revolver secured by accounts receivable and inventory, the...
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November 06, 2018, 07:04 AM
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Encina Business Credit, LLC (EBC) announced that it has provided an $18 million senior secured credit facility to a plastic injection molding company. The financing, which is comprised of a revolving line of credit and two term loans, will be used...
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October 25, 2018, 07:04 AM
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Encina Business Credit and Encina Equipment Finance jointly announced that they have provided a $35 million senior secured credit facility to amedium- and long-haul trucking company. The financing, which is comprised of a revolving line of credit, a...
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October 18, 2018, 07:03 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a senior secured credit facility to Associated Steel Group, LLC and certain of its subsidiaries.
The financing, which is comprised of a revolving line of credit and two term loans...
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September 13, 2018, 07:21 AM
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National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary...
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August 07, 2018, 07:48 AM
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Encina Business Credit, LLC (EBC) announced that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to $73.5 million. The increase in commitment amount coincides with the company closing...
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June 07, 2018, 07:12 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, IL, Heritage is a designer and distributor in the business case, luggage and travel...
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June 06, 2018, 07:07 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million asset-based revolving credit facility to Running Specialty Group LLC (also known as JackRabbit), which is a Denver-based, omni-channel retailer of high-performance...
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May 30, 2018, 07:17 AM
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Encina Business Credit, LLC (EBC) announced that Michael Lustbader, Roger Tauchman and Chad Seyfert have joined the company as Senior Managing Director of Underwriting, Managing Director of Underwriting, and Director of Underwriting...
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May 04, 2018, 08:00 AM
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Encina Business Credit, LLC (EBC) announced that Brian Banning has been appointed Senior Managing Director of Originations with responsibility for leading new business development activity in Michigan and Ohio. Banning, who is based out of the...
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April 19, 2018, 07:24 AM
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Technical Consumer Products, Inc., a global manufacturer and distributor of energy efficient lighting technologies, announced that it has closed a $45 million credit facility with Encina Business Credit, LLC.
TCP put in place this new credit...
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April 18, 2018, 07:16 AM
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Encina Business Credit, LLC (EBC) announced that Jeffrey Linstrom has joined the company as General Counsel. Linstrom, who is based out of EBC’s headquarters in Chicago, has approximately 30 years of experience in asset-based lending, commercial...
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January 25, 2018, 07:05 AM
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Encina Business Credit, LLC (EBC) announced that Stephen Beriau has been appointed Managing Director of Originations with responsibility for leading new business development activity for the Midwest Region. Beriau, who is based out of the company’s...
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January 19, 2018, 07:05 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $40 million asset-based revolving credit facility to an oilfield services company. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which...
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December 14, 2017, 07:16 AM
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Encina Business Credit, LLC (EBC) announced that it has provided an asset-based credit facility to A.T. Cross Company (Cross). The financing was used to help fund Transom Capital Group’s acquisition of the company’s assets.
Based in Providence...
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November 29, 2017, 07:28 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $20 million asset-based revolving credit facility to a consumer products company. The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds...
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November 28, 2017, 07:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S. The financing, which is comprised of a revolving line of credit and...
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September 18, 2017, 07:23 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $23 million senior secured credit facility to Tejas Tubular Products, Inc. and certain of its affiliates (Tejas).
The financing, which is comprised of a revolving line of credit and...
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September 14, 2017, 07:16 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $20 million senior secured credit facility to Times Publishing Company and its subsidiaries. The financing, which is comprised of a revolving line of credit and two term loans, will...
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July 10, 2017, 08:00 AM
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Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by...
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June 26, 2017, 07:36 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million asset-based revolving credit facility to a manufacturer and service provider for the oil & gas industry that is based in the Southwestern U.S. The credit facility consists...
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February 14, 2017, 07:40 AM
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Vertex Energy, Inc., a refiner and marketer of high-quality specialty hydrocarbon products, announced that it has entered into funding agreements with Encina Business Credit, LLC (EBC) providing for up to $30 million of senior secured debt. The...
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February 08, 2017, 07:38 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company based in the Midwestern U.S. The credit facility consists of a working capital revolver...
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January 30, 2017, 07:30 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $7.0 million asset-based revolving credit facility to a specialized printing company based in the Northeastern U.S. The credit facility consists of a working capital revolver secured...
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January 04, 2017, 07:40 AM
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Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan"), which received near...
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December 23, 2016, 07:14 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $7.5 million asset-based revolving credit facility to a recreational products company based in the Midwestern U.S. The credit facility consists of a working capital revolver secured...
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November 28, 2016, 08:08 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $31.5 million senior secured credit facility to Katy Industries, Inc. (Katy) and its wholly-owned subsidiary, Continental Commercial Products, LLC. The financing, which is comprised...
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November 17, 2016, 07:29 AM
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Reuters reports American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.The Reuters article...
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November 14, 2016, 08:01 AM
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Encina Business Credit, LLC (EBC) provided a $5 million asset-based revolving credit facility to a leading provider of animal nutritional supplements based in the southwestern U.S. The credit facility consists of a working capital revolver secured...
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September 22, 2016, 07:40 AM
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Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for...
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May 19, 2016, 08:03 AM
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Encina Business Credit, LLC (EBC) announced Bill Kearney has joined the company as Senior Managing Director to lead its expansion into retail finance on a national basis. Kearney will be targeting retailers across a wide range of market segments that...
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April 05, 2016, 08:01 AM
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Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree Investor”) announced that they have launched Encina Business...
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March 15, 2016, 07:56 AM
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