Eclipse Business Capital (EBC) upsized its primary asset-based lending facility to $1.895 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for growth in 2025 and beyond.
“We’re privileged to have the ongoing support of Wells Fargo and our bank group who recognize our long-term vision and our ongoing commitment to create long-term value for our stakeholders,” Marty Battaglia, CEO of EBC, said. “This expanded facility will provide incremental capital to support the growth we are experiencing across our platform.”
“Wells Fargo is pleased to support Eclipse as they continue to grow and deliver for their customers,” David Koshenina, head of lender finance for Wells Fargo Capital Finance, said. “We value our 8-year relationship and look forward to working with the Eclipse leadership team as they execute on their strategic priorities.”
