Eclipse Business Capital (EBC) provided a $300 million ABL credit facility to a national oilfield services company. The credit facility, reliant on working capital assets, refinanced the company’s existing bank debt and provides additional liquidity and flexibility for ongoing working capital needs.
“We are pleased to have the opportunity to partner with a highly respected oilfield services company,” Marty Battaglia, CEO of EBC, said. “Oilfield services companies often require flexible, asset-based financing solutions to manage the cyclicality of energy markets. We believe our ability to deliver customized capital solutions in a timely and transparent fashion to good businesses is a true strength and valuable to our clients.”
