Encina, Oaktree Launch Independent Equipment Finance Company

Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management launched Encina Equipment Finance, a new independent equipment finance company.

Encina Business Credit Closes $15MM Revolver for Energy Firm

Encina Business Credit closed a $15 million asset-based revolving credit facility to a manufacturer and service provider for the oil and gas industry.

Encina Business Credit Provides $25MM Revolver to Repair Company

Encina Business Credit provided a $25 million asset-based revolving credit facility to an electronic device repair company based in the Midwestern U.S.

Gildan Buys American Apparel for $88MM

Bloomberg reported that stalking horse bidder Gildan Activewear increased its bid to $88 million to purchase American Apparel at auction.

Encina Business Credit Provides $7MM Revolver to Printer

Encina Business Credit provided a $7 million asset-based revolving credit facility to a specialized printing company based in the Northeastern U.S.

BofA Agents $75MM ABL to Support Basic Energy Chapter 11 Exit

Basic Energy Services and its debtors have successfully completed their prepackaged restructuring and recapitalization plan, and the company has emerged from Chapter 11 bankruptcy protection.

Encina Provides ABL Revolver to Recreational Products Company

Encina Business Credit provided a $7.5 million asset-based revolver to a recreational products company based in the Midwest.

Encina Business Credit Provides $31.5MM Facility to Katy Industries

Encina Business Credit provided a $31.5 million senior secured credit facility to Katy Industries and its wholly-owned subsidiary, Continental Commercial Products.

Encina $30MM DIP Facility to American Apparel Approved by Court

Encina Business Credit provided a $30 million DIP facility to American Apparel. The financing, which has been approved by the bankruptcy court, will be used for working capital as the company operates under Chapter 11.

American Apparel Files Chapter 11, Seeks Approval of $30MM Encina DIP

American Apparel filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, seeking approval of a proposed $30 million revolving DIP credit facility agented by Encina Business Credit.