Alston & Bird has advised specialty finance company Encina Lender Finance LLC (ELF) on a $40 million senior secured credit facility to Microf LLC, a leading provider of rent-to-own and lease-purchase solutions for residential HVAC systems.
The credit facility was used by Microf to refinance existing credit facilities and expand debt capacity to fund the company’s continued growth.
Headquartered in Atlanta, ELF is a leading nonbank finance platform providing secured leases and senior credit facilities ranging in size from $10 million to $150 million to commercial and consumer specialty finance companies in the U.S. and Canada.
Advising ELF on the credit facility is an Alston & Bird team led by partners Tara Castillo and Mark Harris, counsel Bill Springer and Beth Mullican, and associate Krishna Pathak (Finance) and counsel William Hao (Financial Restructuring & Reorganization).
The credit facility was used by Microf to refinance existing credit facilities and expand debt capacity to fund the company’s continued growth.
Headquartered in Atlanta, ELF is a leading nonbank finance platform providing secured leases and senior credit facilities ranging in size from $10 million to $150 million to commercial and consumer specialty finance companies in the U.S. and Canada.
Advising ELF on the credit facility is an Alston & Bird team led by partners Tara Castillo and Mark Harris, counsel Bill Springer and Beth Mullican, and associate Krishna Pathak (Finance) and counsel William Hao (Financial Restructuring & Reorganization).