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

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