Eclipse Business Capital LLC announced that it has provided a $450 million senior secured ABL credit facility to a prominent long-established retailer.

The credit facility is secured by accounts receivable and inventory. The transaction refinances the Company’s bank-led credit facilities and provides additional liquidity for working capital purposes. Siena Lending Group participated in the transaction.

EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with confidence that its business needs would be met.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately-owned and publicly traded companies across a wide range of industries. The firm provides senior secured credit facilities ranging in size from $10 – $450 million that are secured by collateral such as accounts receivable, inventory, machinery & equipment, real estate and intellectual property.

Since it was established, EBC has underwritten more than 108 transactions totaling over $5.7 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, New York, Los Angeles, Houston, Dallas, Miami, Sarasota and Charlotte and provides financing to middle-market borrowers in the U.S. and Canada.