Encina Business Credit provided a $35 million senior secured credit facility to an information technology services company.
The financing consisted of a revolving line of credit.
The company used the facility to fund an acquisition, repay existing senior debt and provide working capital for growth.
Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10 million to $100 million and secured by accounts receivable, inventory, machinery and equipment and real estate.
