Eclipse Business Capital (EBC) financed a $125 million senior secured debtor-in-possession revolving credit facility to a mattress manufacturer.
The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with existing lenders to de-lever and provide runway for a long-term business plan execution.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower confidence that its business needs would be met.
