In October 2020, Encina Capital Partners, LLC and an affiliate of certain funds managed by Oaktree Capital Management, L.P. announced the formation of Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada.
Stride Funding Partners with Encina Lender Finance and Other Leading Credit Investors to Fund $105MM in Income Share Agreements for High-Quality Bootcamp and Certificate Programs
BOSTON, April 4, 2022 /PRNewswire/ — Stride Funding, Inc. (Stride) announced its partnership with Encina Lender Finance (ELF) and other top-tier credit funds to increase financial support for students pursuing high-impact bootcamp and certificate programs across the US.
Encina Lender Finance closed a $300 million credit facility (which includes an accordion feature) for Arena Investors‘ corporate private credit business segment, which provides capital to privately-held companies.
Encina Lender Finance and Georgia Banking Company Provide $40 Million Senior Credit Facility To Microf
Atlanta, GA – February 14, 2022 – Encina Lender Finance, LLC (“ELF”) and Georgia Banking Company (GBC) announced today that they have provided a $40 million senior credit facility to Microf LLC (“Microf”), a leading provider of rent-to-own and lease-purchase solutions for residential HVAC systems. The credit facility was used to refinance existing credit facilities and to expand debt capacity to fund Microf’s continued growth.
Atlanta, GA – Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial LLC (“Crossroads”), the industry-leading provider of inventory-only revolving credit facilities in the below $10 million size range to companies nationwide and the preferred partner to factoring companies and accounts receivable lenders. ELF’s credit facility closed simultaneously with a mezzanine debt facility from a different lender.