Encompass Secures $60 Million Loan from Banking Syndicate and Gets New Bonding

Encompass Services Corp. has secured debtor-in-possession (DIP) financing and additional bonding capacity to use during its reorganization process, according to a recent article in the Houston Business Chronicle.

The Houston-based Encompass said it inked a deal with a syndicate of financial institutions including Bank of America, JPMorgan Chase Bank and General Electric Capital Corp. for a $60 million DIP financing commitment. Encompass said the funds will provide it with adequ

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

TAGS: archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish