Encina Private Credit Provides $70 Million First Out Commitment as Administrative Agent in Senior Secured Credit Facility To Ipsen International Holdings, GmbH

Norwalk, CT – January 14, 2025 - Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as administrative agent on a senior secured credit facility supporting Quadriga Capital portfolio company Ipsen International Holdings, GmbH (“Ipsen”).  Ipsen is a global manufacturer of mission-critical, highly engineered material transformation and treatment technology and related aftermarket parts and services.  The transaction supported the refinancing of existing credit facilities and provided capital to support the company’s growth. Encina provided a first out tranche in the form of a revolving credit facility and a term loan.  

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 including L/C sublimits, term loans and DDTLs and typically invests between $15 million and $100 million per transaction. For additional information, please visit EPC's website at https://privatecredit.encinacapital.com/.