Eclipse Business Capital Provides $15MM Revolving Credit Facility to Furniture Manufacturer

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.

March 22, 2022 Eclipse Business Capital Ian Koplin

Eclipse and Corre Provide $165MM Credit Facility and Delayed Draw Term Loan to Team

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.

February 14, 2022 Amerino Gatti | Atlantic Park Strategic Capital Fund | Citibank | Corre Partners | Eclipse Business Capital | Team Ian Koplin

Eclipse Business Capital Delivers $142MM in Financing to Global Metals Distributor

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.

January 7, 2022 Eclipse Business Capital Ian Koplin

Eclipse Business Capital Provides $45MM Revolver to Coal Mining Company

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.

December 7, 2021 Eclipse Business Capital Phil Neuffer

Citibank Refinances Alpha Metallurgical Resources’ Revolver

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.

December 7, 2021 Alpha Metallurgical Resources | Andy Eidson | BMO | Citibank | Eclipse Business Capital Phil Neuffer

Eclipse Business Capital Provides $77.5MM Credit Facility to Ranger Energy Services

Eclipse Business Capital provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility to Ranger Energy Services.

October 4, 2021 Basic Energy Services | Eclipse Business Capital | Ranger Energy Services Ian Koplin

Eclipse Business Capital Adds Gurgone as Chief Risk Officer

Jim Gurgone joined Eclipse Business Capital as chief risk officer.  In this role, Gurgone will oversee Eclipse’s credit processes for its existing portfolio management verticals in addition to providing input into new opportunities and strategies.

September 30, 2021 EBC | Eclipse Business Capital | Jim Gurgone | Marty Battaglia Phil Neuffer

New Moon: Inside Encina Business Credit’s Recapitalization and Transformation

With an expanded capital base and a new funding partner in Barings, Encina Business Credit (now Eclipse Business Capital) is taking the next step on its growth trajectory, but as much as things change, the company’s successful approach to the market will stay the same.

September 27, 2021 Eclipse Business Capital | Martin J. Battaglia Ian Koplin

Eclipse Business Capital Amends Credit Facility for Kaspien

Kaspien Holdings entered into an amended loan agreement with Eclipse Business Capital. Kaspien previously entered into a loan agreement with Eclipse (then operating as Encina Business Credit) for up to $25 million in loans under a three-year, secured revolving credit facility.

September 23, 2021 Eclipse Business Capital | Kaspien Holdings | Kunal Chopra Ian Koplin

Eclipse Business Capital Provides New $77.5MM Supporting Ranger Energy Services Acquisition

Ranger Energy Services received a debt commitment letter from Eclipse Business Capital for a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility.

September 17, 2021 Basic Energy Services | Eclipse Business Capital | Eclipse Business Capital SPV | Ranger Energy Services | RNGR Energy Services Ian Koplin