Eclipse Business Capital (EBC) financed a $140 million senior secured revolving credit facility to a specialty retailer.
The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with the existing lenders to reduce leverage and provide for future working capital 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.