Eclipse Business Capital Provides $23.4 Million ABL Credit Facility

Chicago, IL – August 7th, 2023 – Eclipse Business Capital LLC (“EBC”) announced that it has provided a $23.4 million senior secured ABL credit facility to a distributor of travel products and accessories. The Company primarily sells branded products through Amazon and other various retailers.

The credit facility is secured by accounts receivable, inventory, and intellectual property (IP). The transaction will refinance the Company’s existing debt into a revolving credit facility and an IP term loan.

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.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 200 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate.

Since it was established, EBC has underwritten more than 90 transactions totaling over $3.5 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Dallas, New York, Connecticut, Los Angeles, San Francisco, Houston, Charlotte and Miami and provides financing to middle-market borrowers in the U.S. and Canada.