Daily News: September 13, 2018

Encina Provides Senior Secured Facility to Associated Steel


Encina Business Credit provided a senior secured credit facility to Associated Steel Group and certain of its subsidiaries.

The financing, comprised of a revolving line of credit and two term loans, will be used primarily to refinance the company’s existing senior credit facility and to provide working capital for growth.

Based in Oklahoma City, Associated Steel is a manufacturer of pre-engineered metal buildings and related components, specializing in the construction of complex metal structures used for office and retail buildings, manufacturing plants, churches, schools, agricultural buildings, aircraft hangers and other purposes.