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- Rosenthal Closes $11 Million Asset- Based Lending Transaction for Seafood Importer and Distributor
- MidCap Business Credit Closes Revolving Line of Credit for Allied Dairy Products, Inc.
- Huntington Business Credit Closes $53.5 Million in New Credit Facilities with Mol-Son
Encina Business Credit, LLC Provides $50 Million Revolving Credit Facility to News Publishing Company
September 21, 2020
Source: Encina Business Credit, LLC
Encina Business Credit, LLC (EBC) announced today 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. Loan proceeds will be used to support a purchase of the company following a period of bankruptcy.
Launched in 2016, EBC is one of the country’s top independent asset-based lending platforms that provides financing to middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10-100 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate. Encina lends to both privately-owned and publicly traded companies across a range of industries including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products.
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