TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
July 31, 2023
Source: Encina Private Credit, LLC (EPC)
Norwalk, CT – July 31, 2023 – Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Revolver Agent and Term Loan lender for a Senior Secured Credit Facility to support Visual Edge IT™ (VEIT) long term growth. Visual Edge IT, which specializes in managed IT services and security, cloud computing, and print/copy solutions for businesses across the U.S., has received new capital commitments from Encina Private Credit and funds managed by Ares Management totaling $40 million which the Company intends to use to support its long-term growth objectives. These commitments will allow for continued investment in best in class print and IT solutions for both new and existing customers.
“We look forward to our continued success and support of our approach to the Total Office Technology markets,” shared Austin Vanchieri, Chairman and CEO, Visual Edge IT.
“We are extremely excited to partner with VEIT and support the company by delivering our unique suite of lending capabilities as they execute on their growth strategy going forward,” said Mike Hensinger, President and Chief Commercial Officer at Encina Private Credit.
For more information on Visual Edge IT, visit www.visualedgeit.com.
ABOUT VISUAL EDGE, INC.
Visual Edge IT, Inc. (VEIT) specializes in managed IT services and security, cloud computing, and print/copy solutions for businesses across the U.S. including remote office locations. VEIT offers a full line of office technology and services for a variety of industries including 24/7 remote monitoring and administration of networks, service desk, and data backup and restore to improve business processes. Visual Edge IT™ is backed by more than 20 years of IT technology knowhow and a national network of expert engineers to support your technology needs. The company is headquartered in North Canton, OH, USA. For more information, visit www.visualedgeit.com.
Visual Edge IT™ is a trademark of Visual Edge, Inc. in the United States.
About Encina Private Credit
Headquartered in Norwalk, CT, Encina Private Credit (EPC) is a specialty finance company that partners with direct lenders to provide enterprise value loans to private equity-sponsored borrowers. EPC provides credit solutions in the form of two primary products including: 1) First Out revolvers, term loans, DDTL’s and 2) Pari Passu term loan and unitranche structures.
For additional information, please visit EPC’s website at https://privatecredit.encinacapital.com
