Encina Equipment Finance upsized its senior credit facility to $250 million in total commitments.
The facility now includes nine institutions, with four new institutions coming into the syndicate and three existing lenders increasing their respective commitment amounts.
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 and publicly-traded companies across a wide range of collateral types, industries, including, but not limited to, construction, distribution, energy, food processing, healthcare, information technology, manufacturing, mining, paper & packaging, and transportation, and use cases.
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