Eclipse Business Capital (EBC) provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25 million revolving line of credit and a $3.5 million machinery and equipment term loan that are secured by accounts receivable, inventory, and machinery and equipment. The proceeds will be used to fund the acquisition and support working capital.
Eclipse Business Capital
Eclipse Business Capital Provides $28.5MM Credit Facility to Support Acquisition of Flooring Distributor
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