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Eclipse Business Capital Closes $170MM ABL Credit Facility To A Specialty Retailer
May 28, 2024
Source: Eclipse Business Capital LLC
Chicago, IL – May 28th, 2024 – Eclipse Business Capital LLC (“EBC”) announced that it has provided a $170 million senior secured ABL credit facility to a specialty retailer.
The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.
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, machinery & equipment, real estate, and intellectual property.
Since it was established, EBC has underwritten more than 98 transactions totaling over $4.4 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.
