Category: Factoring

Cross River Partners, LSQ and Utica Leaseco Support Enservco’s Refinancing

Enservco retired its $13.8 million senior revolving credit facility with East West Bank via a refinancing transaction that includes a $10 million receivables factoring line from LSQ, a $6.22 million master equipment lease from Utica Leaseco and the issue of a $1.2 million convertible subordinated note to Cross River Partners.