Eclipse Business Capital Upsizes its Senior Credit Facility With Wells Fargo to $1.9 Billion

Chicago, IL – February 10^th, 2025 – Eclipse Business Capital, LLC (“EBC”) today announced the successful upsizing of its primary asset-based lending (ABL) facility to $1.895 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for growth in 2025 and beyond.

“We’re privileged to have the ongoing support of Wells Fargo and our bank group who recognize our long-term vision and our ongoing commitment to create long-term value for our stakeholders,” said Marty Battaglia, CEO of EBC. “This expanded facility will provide incremental capital to support the growth we are experiencing across our platform.”

“Wells Fargo is pleased to support Eclipse as they continue to grow and deliver for their customers,” said David Koshenina, Head of Lender Finance for Wells Fargo Capital Finance. “We value our 8-year relationship and look forward to working with the Eclipse leadership team as they execute on their strategic priorities.”

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 senior secured credit facilities ranging in size from $10 – $275 million that are secured by collateral such as accounts receivable, inventory, equipment, real estate, and intellectual property.

Since it was established, EBC has underwritten more than 105 transactions totaling over $5.2 billion in aggregate credit facilities.  EBC has an experienced team of 45 professionals, located in Chicago, Dallas, New York, Connecticut, Los Angeles, Houston, and Charlotte and provides financing to middle-market borrowers in the U.S. and Canada.

If you’d like to learn more about EBC, please visit us at: www.eclipsebuscap.com.