eCapital received a $110 million increase to the syndicated bank facility supporting its asset-based lending group. The upsize brings the total facility size to $570 million. Wells Fargo acted as administrative agent for the lenders and also acted as joint lead arranger and joint book runner for the facility with Regions Bank. With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion.
“We are witnessing increased deal flow indicative of the dynamic state of today’s market and bank conditions. Seizing this opportunity, we are proactively bolstering available liquidity to capitalize on our position,” Marius Silvasan, CEO of eCapital, said. “With this increase in facility size and our breakthrough technology, we empower SMBs with unmatched access to capital, enabling them to grow and thrive in any market.”
