Echelon gets $100 million senior credit facility from Monroe Capital

By Tali Rackner

Norfolk, Va., March 6 – Echelon obtained a $100 million senior credit facility from lead arranger and administrative Monroe Capital LLC to support the acquisition of the Echelon group (doing business as MedLien Manager, LLC) and future growth of its successor Echelon Medical Capital, LLC, a portfolio company of DRB Financial Solutions, LLC, according to a Monroe press release.

The facility also supports the continued growth of its affiliated company U.S. claims.

Echelon is a specialty finance company engaged in purchasing accounts receivable related to medical liens and insurance receivables from medical providers. DRB is a multi-asset specialty finance company. They are based in Boca Raton, Fla., and Delray Beach, Fla., respectively.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.