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Encina Business Credit Provides $20MM Credit Facility to Heritage Travelware

June 08, 2018, 07:00 AM

Encina Business Credit, LLC (EBC) announced it has provided a $20 million asset-based revolving credit facility to Heritage Travelware, Ltd. Based in Elgin, Ill., Heritage is a designer and distributor in the business case, luggage and travel goods industry.

The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds of which are being used to refinance the company’s existing senior secured asset-based credit facility and to provide for working capital.

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