Westport, CT – March 30, 2022 – Encina Equipment Finance (EEF) announced today that it has provided a $30 million lease line to a leading specialty metals company, which will be used to fund the installation of new manufacturing equipment.
EEF was represented by Reed Smith LLP.
About Encina Equipment Finance
Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million 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, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & 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). EEF is a portfolio company of Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, business development companies advised by affiliates of Benefit Street Partners L.L.C.