Eclipse Business Capital (EBC) provided a $44 million senior secured credit facility to a company in the oil and gas 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.
“We are pleased to partner with a well-established and respected company operating in the oil and gas sector,” Marty Battaglia, CEO of EBC, said. “EBC has deep industry knowledge in this sector, and we believe energy companies often require flexible, asset-based financing solutions. This transaction is a great example of EBC’s ability to move quickly and deliver customized capital to businesses in this industry with a demonstrated track record and solid management team.”
