eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, renewed and expanded its secured credit facility with Ares Credit funds. The agreement upsizes the facility to $388 million, with enhancements to support long-term growth capacity.
“eCapital’s continued success in partnering with industry-leading bank capital providers on enhanced terms is a powerful signal of where we stand and where we’re headed,” Marius Silvasan, CEO of eCapital, said. “We’ve built a multi-platform financing ecosystem that spans numerous industries and products, fueled by innovation, proprietary technology, data intelligence, disciplined risk management and deep industry expertise. Through the robust liquidity from our Ares-provided facility, we are in a superior position to execute on our strategic plan and continue scaling our offered financing solutions, deepen client access to capital and raise the bar on how specialty finance operates. We are grateful for Ares’ continued support and investment, which anchors our ability to accelerate our vision of redefining what modern financing can deliver for our clients.”
Scott Rosen, partner in the Ares Credit Group, added, “We are excited to continue supporting the eCapital team as they execute on strategic initiatives and expand their platform. Our tenured longstanding relationship with eCapital underscores Ares’ ability to provide flexible, asset-based capital solutions that can scale with growing companies.”
