Encina Upsizes Government Contractor Facility to $73.5MM

Encina Business Credit upsized an existing asset-based revolving credit facility from $25 million to $73.5 million for a government services company.

The American Apparel Show: A Rollercoaster Ride Through Bankruptcy and Back Again

American Apparel isn’t the only youth-oriented retailer that sought Chapter 11 protection in 2016, but its story is the most dramatic. Its first bankruptcy proceedings included a failed battle by ousted Founder and CEO Dov Charney to regain control. Six months after exiting Chapter 11, the company was back in bankruptcy with $30 million DIP financing from Encina Business Capital and a $66 million stalking horse bid from Canadian underwear manufacturer, Gildan. Is this American Apparel’s last stand?