Encina Provides $80MM Revolver for Business Process Services Provider

Encina Business Credit provided an $80 million senior secured revolving credit facility to a global provider of business process services. Collateralized by accounts receivable, the facility was used to finance ongoing working capital financing.

Launched in 2016, Encina Business Credit is an independent asset-based lending platform that provides financing to middle market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10 million to 120 million that are secured by collateral such as accounts receivable, inventory, equipment and/or real estate.