Encina Business has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds and modeled parts.
The company provides customers in various industries with mold design, engineering, tooling, molding, assembly, and finished product. The facility consists of a revolving line of credit based on accounts receivable and inventory, and term loans based on M&E and real estate.
Loan proceeds will be used to refinance an existing facility and to provide ongoing working capital financing.
