Arena Investors Closes a $300 Million Senior Secured Credit Facility Structured and Agented by Encina Lender Finance to Support Arena’s Middle Market Cash Flow Based Lending Platform

NEW YORK, March 24, 2022 – Arena Investors, LP (“Arena”) and Encina Lender Finance, LLC (“ELF”) are pleased to announce the closing of a $300 million credit facility (which includes an accordion feature) for Arena’s Corporate Private Credit business segment, which provides capital to privately-held companies.

Arena has a track record providing financing to privately-held businesses and private equity backed middle market companies, with loan sizes ranging from $10 to $50 million across a wide range of industries in the United States. Arena’s corporate direct lending strategy focuses on identifying companies with more than $5 million of EBITDA and enterprise value between $25million and $250 million. In addition to its ability to structure debt-based instruments, Arena is actively making minority and control equity investments in middle market companies.

“Arena’s level of expertise, sophistication and track record making cash flow-based loans is impressive,” said Luke Graham, CEO of ELF. “In addition, the creativity and solutions-oriented focus of the Arena team during the transaction process was exceptional. These traits make them a superb manager and a great partner for middle market companies. We look forward to working with Scott Gold and his team to help scale their business.”

Scott Gold, Arena’s Managing Director of Corporate Private Credit, added, “The team at Encina very quickly understood the opportunity and provided a compelling, highly flexible and thoughtfully structured leverage facility. ELF was able to provide Arena with a leverage facility that makes our product offering that much more compelling.”

About Arena Investors, LP

Arena Investors, LP is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With $2.8 billion of invested and committed assets under management as of January 1, 2022, and a team of over 100 employees in offices globally, Arena provides creative solutions for those seeking capital. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information.

About Encina Lender Finance

Headquartered in Atlanta, ELF offers revolving lines of credit and term loans ranging in size from $10 to $150 million to specialty finance companies (sponsored and non-sponsored) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, commercial real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to-own consumer leasing, unsecured consumer lending and specialized student lending. ELF’s customers use financing proceeds primarily to fund the origination of new finance contracts and to refinance existing debt, and ELF’s loans are secured by portfolios of notes, loans and/or leases. For additional information, please visit ELF’s website at lenderfinance.encinacapital.com.

Media Contacts

Arena Investors:

Parag Shah
ir@arenaco.com

Arena Media:

Lindsay Jablonski
pro-arena@prosek.com

ELF Media:

Kristal White
kwhite@encinacapital.com