November 14, 2024 – During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.
Encina helps direct lenders offer competitive solutions with enhanced yields by providing:
- Competitively priced first out tranches up to $100 million
- One stop solution including first out revolvers (& LC’s), term loans, DDTL’s
- Speed and certainty via an efficient and reliable approach
Notable transactions include:
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July 2024 $75,000,000 AUTOMOTIVE EMISSIONS SERVICES COMPANY SPONSOR OWNED ___________ Encina Private Credit Provided a First Out Revolver and Term Loan |
July 2024 $70,000,000 GLOBAL MANUFACTURER OF HIGHLY ENGINEERED INDUSTRIAL PRODUCTS SPONSOR OWNED ___________ Encina Private Credit Acted as Revolver Agent and First Out Term Loan Lender |
September 2024 $77,000,000 MANUFACTURER OF WASTE EQUIPMENT SUPPLIES AND REPLACEMENT PARTS SPONSOR OWNED ___________ Encina Private Credit Provided a First Out Revolver and Term Loan |
About Encina Private Credit
Encina Private Credit (“EPC”) is a specialty finance company that partners with direct lenders to provide first out enterprise value loans to private equity-sponsored and non-sponsored borrowers. EPC provides credit solutions in the form of first out priority revolvers, term loans, and DDTLs and typically invests between $15 million up to $100 million per transaction. For additional information, please visit EPC’s website at https://privatecredit.encinacapital.com/