Eclipse Business Capital completed a $125 million revolving credit facility for a vertically integrated manufacturer of steel products, which will use the facility to refinance existing bank indebtedness and provide ongoing working capital financing.
“EBC’s speedy execution of this transaction, coupled with its flexible approach, provided the borrower with the necessary liquidity and working capital needed to continue its operational and performance turnaround,” Jeffrey Stein, chief restructuring officer for the manufacturer, said.
“We are excited to partner with this company and its management team to provide needed liquidity and working capital to allow them to grow and capitalize on their excellent market position and technical expertise,” Martin Battaglia, CEO of Eclipse Business Capital, said. “We believe that these combined capabilities set the stage for their success in further integration and continuing strong performance.”
