Eclipse Business Capital announced that it has provided a $135 million ABL credit facility to a service provider in the waste management industry.
The credit facility is secured by accounts receivable and related business assets. The transaction will refinance the company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.
EBC provides revolving lines of credit and term loans ranging in size from $10 – $250 million that are secured by collateral such as accounts receivable, inventory, equipment, real estate, and intellectual property.