Eclipse Business Capital, formerly known as Encina Business Credit, provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, an $11.5 million real estate term loan facility and a $5.5 million M&E term loan facility to a global distributor of metals.
The credit facilities are secured by accounts receivable, inventory and fixed assets, and were used to refinance existing indebtedness and to provide ongoing working capital financing.
