Encina Equipment Finance announced it has provided an $11 million equipment term loan to a private equity-backed oilfield services company. The facility is being used to refinance certain existing debt and to fund new equipment purchases.

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 and 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 (including construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper and packaging, and transportation) and use cases (including loans against existing or newly acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).