The facility will be used to fund new equipment purchases.
Reed Smith represented Encina on the transaction.
Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million and secured by essential-use machinery & 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 and use cases.
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