Marty Battaglia may be in what he calls the “twilight of his career,” but what a career it has been. Currently focusing on strategic planning for Eclipse Business Capital, Battaglia has spent 40 years building asset-based lending groups.
Eclipse Business Capital provided a $10 million senior secured revolving credit facility in the automotive marketing industry.
Adrian Watson joined Eclipse Business Capital as a managing director. Watson joined Eclipse Business Capital from JPMorgan Chase, where he was a senior underwriter in asset-based lending.
TPC Group, a provider of products to chemical and petroleum-based companies, voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.
Eclipse Business Capital completed a $125 million revolving credit facility for a vertically integrated manufacturer of steel products, which will use the facility to refinance existing bank indebtedness and provide ongoing working capital financing.
Eclipse Business Capital provided a $15 million senior secured revolving credit facility to a commercial hospitality furniture manufacturer and designer. The credit facility is secured by accounts receivable and inventory.
Team completed a series of related transactions consisting of a $130 million revolving credit facility provided by Eclipse Business Capital and a $35 million delayed draw term loan facility provided and managed by Corre Partners Management.
Eclipse Business Capital, formerly known as Encina Business Credit, provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, an $11.5 million real estate term loan facility and a $5.5 million M&E term loan facility to a global distributor of metals.
Eclipse Business Capital, formerly known as Encina Business Credit, provided a $45 million senior secured revolving credit facility to a coal mining company based in the United States and Canada.
Alpha Metallurgical Resources, a supplier of metallurgical products for the steel industry, refinanced its asset-based revolving credit facility, which was previously set to expire in April 2022. Citibank is serving as administrative agent and collateral agent on the refinancing.