Encina Equipment Finance (EEF) upsized its senior credit facility to $330 million in total commitments. The additional capacity was provided by six existing lenders that increased their respective commitment amounts.
EEF was represented by Reed Smith, LLP.
Encina Equipment Finance provides loans and leases from $5 – $50 million secured by essential-use machinery & equipment. The platform provides financing to both privately owned and publicly traded companies across a wide range of collateral types, industries and use cases.
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One Reply to “Encina Equipment Finance Increases Senior Credit Facility to $330MM”
Hello my name s Barry Zwicker and I represent Propel Bioenergy. We are a Canadian private company working in the renewable energy space. We are ready to roll out a plant that utilizes technology from Tennessee that converts waste wood into high quality diesel. We have a signed off take agreement with the largest energy company in Canada, Suncor and we are considering leasing the equipment necessary for the plant. The full turnkey cost of the equipment is $64,000,000.00 USD. I see this might be a little out of your range but is it something you would consider? It is also possible to have just the uninstalled equipment leased for just over $50mm USD. Please let me know if there is interest.
Barry