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Encina Private Credit Serves as Club Lender For Senior Secured Credit Facility For John Staurulakis, LLC
May 9, 2024
Source: Encina Private Credit, LLC
Norwalk, CT – May 10, 2024 - Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as club lender providing a First Out tranche in a Senior Secured Credit Facility supporting Stone Goff portfolio company John Staurulakis, LLC (“JSI”). JSI is a full-service consulting and broadband solutions leader, providing a complete range of operational, financial, management, engineering, regulatory, and strategic assistance to US communications providers.
The senior secured credit facility is led by Balance Point Capital Partners with EPC acting as club lender by providing term loan and delayed draw term loan commitments to JSI. Encina’s customer-focused, flexible, and efficient approach and meaningful commitment, coupled with industry expertise in the telecommunications sector provided JSI and Stone Goff with the certainty of execution needed in today’s market.
About Encina Private Credit
Encina Private Credit is a specialty finance company that partners with direct lenders to provide First Out enterprise value loans to private equity-sponsored and non-sponsored borrowers. EPC provides credit solutions in the form of First Out priority revolvers, term loans, and DDTLs. For additional information, please visit EPC's website at https://privatecredit.encinacapital.com/
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