Eclipse Business Capital (EBC) upsized its primary asset-based lending facility to $2.355 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for continued growth.
“This expanded facility underscores the confidence our banking partners have in EBC’s consistent performance and disciplined approach to growth,” Marty Battaglia, CEO of EBC, said. “It provides additional capacity to meet increasing client demand and reinforces our ability to deliver certainty and partnership in a dynamic market.”
David Koshenina, head of lender finance at Wells Fargo Capital Finance, said, “We are pleased to expand our long relationship with Eclipse Business Capital and support the platform’s continued growth.”
