Daily News: September 18, 2017

Encina Business Credit Provides $12MM to Steel Distributor

Encina Business Credit provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S.

The financing, which is comprised of a revolving line of credit and a term loan, will be used to refinance certain of the company’s existing indebtedness and to provide working capital for growth.