Eclipse Business Capital closed a $65 million senior secured credit facility to a manufacturer in the food and beverage industry. The credit facility is secured by accounts receivable and inventory. The transaction refinances the company’s existing bank debt and provides additional liquidity for ongoing working capital needs. The refinance was in conjunction with a larger restructuring transaction.
Forward for Specialty Finance
Eclipse Business Capital Closes $65MM Senior Secured Credit Facility to Food & Beverage Industry
The credit facility is secured by accounts receivable and inventory. The transaction refinances the company’s existing bank debt and provides additional liquidity for ongoing working capital needs.
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