Eclipse Business Capital (EBC) provided a $55 million asset-based lending credit facility to a premier frozen food supplier.
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’re pleased to work alongside the company’s leadership team on a refinancing that provides a stronger foundation for the business going forward,” said Marty Battaglia, CEO of EBC. “With this facility in place, the Company has a more flexible capital structure to support day-to-day operations, respond to customer demand, and continue advancing its business objectives.”
