Daily News: October 18, 2018

Encina Provides $35MM Credit Facility to Trucking Company

Encina Business Credit and Encina Equipment Finance provided a $35 million senior secured credit facility to a medium- and long-haul trucking company.

The financing included a revolving line of credit, a term loan and a delayed-draw capital expenditure line. It will be used primarily to refinance existing debt and to provide additional capital for growth.