FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Eclipse Business Capital Provides $15MM Credit Facility to Connector & Cable Manufacturer

March 25, 2024, 07:04 AM
By
Topic: Manufacturing

Eclipse Business Capital (EBC) provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industy. 

The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing revolving credit facility and provide additional liquidity for working capital purposes.

EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with confidence that its business needs would be met.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.