Encina Equipment Finance (EEF) announced it has provided an $8 million lease line to an environmental remediation company for the purchase of heavy-duty and light-duty trucks.

EEF was represented by Reed Smith LLP.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million secured by essential-use machinery and equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types, industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation) and use cases (including loans against existing or newly acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).  EEF is a portfolio company of Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, business development companies advised by affiliates of Benefit Street Partners L.L.C.