Essex Capital Group closed a $14 million debt facility for Eclipse Gaming Systems, which used the proceeds of the deal to refinance existing debt and to fund growth.
Eclipse operates in the gaming industry, limiting available financing options and approached Essex to find a long-term debt financing solution that would refinance existing debt while offering additional capital for future growth.
“It was important for the company to partner with a debt provider that understood the industry while offering additional services,” Fred Beilstein, managing director at Essex, said. “We were successful in securing additional leverage capacity for Eclipse while substantially lowering the company’s cost of capital. This was a true team effort, and we appreciated the tenacity that the new lender and company management team showed in bringing this deal to the closing table.”
