Wintrust Receivables Finance (WRF) closed a new $3,000,000 account receivable line of credit for a Southwest-based third-party logistics company. The company provides a diversified mix of transportation solutions including truckload, LTL, intermodal...
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Wintrust Receivables Finance (WRF) closed a new $15,000,000 account receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been providing best-in-class logistics and transportation services to...
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TAB Bank provided a California-based logistics company with a $1.5 million credit facility that spans multiple years. The company will rely heavily on the facility to fund growth and significantly expand its sales and contract pipeline, which is...
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SLR Business Credit announced the funding of a $5,000,000 ABL RLOC for Henry Industries, Inc. Henry Industries is a full-service nationwide provider of warehouse, distribution center and logistics services. The proceeds were used to pay off the...
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Mullen Group entered into a new $125.0 million credit agreement with PNC Bank Canada Branch. "Our relationship with PNC began in 2021 through the acquisition of HAUListic LLC. With the addition of PNC to our lending group we now have $375.0 million...
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January 08, 2024, 07:59 AM
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Trinity Capital announced the commitment of $30 million in growth capital to Cart.com, a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere.Cart.com provides physical and digital infrastructure to...
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December 22, 2023, 07:46 AM
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Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southwest-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The...
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October 31, 2023, 07:32 AM
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Clarus Capital completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to support corporate...
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October 23, 2023, 08:11 AM
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Wintrust Receivables Finance (WRF) closed a new $3 million account receivable line of credit for a southeast-based transportation broker (Company). This new client is the result of a roll-up of three smaller third-party logistics firms. The Company...
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October 17, 2023, 07:00 AM
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Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southeast-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The...
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October 03, 2023, 07:54 AM
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SLR Credit Solutions closed a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt). Essex Technology Group is one of the leading providers of reverse logistics and excess inventory...
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September 19, 2023, 07:50 AM
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Bell Bank, through its Bell Business Credit asset-based lending business channel, provided a $2,000,000 credit facility to a Kentucky-based promotional fulfillment and logistics firm specializing in digital marketing campaigns for Fortune 500...
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SSG Capital Advisors acted as the investment banker to Unicon Acquisition, Inc. in the sale of substantially all of its assets to a private equity buyer. The transaction was effectuated through a sale of the senior secured debt and a subsequent...
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Clarus Capital completed a new $30 million Lease Facility for a specialty logistics provider with hubs at major infrastructure facilities around the U.S. and abroad. Financing proceeds will support corporate liquidity, new equipment purchases, as...
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of RBW Logistics by LongueVue Capital. RBW Logistics, founded in 1954, is an...
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Monroe Capital announced that its independent sponsor team has completed a debt and equity co-investment in SheerTrans Solutions LLC (“Sheer”), a leading provider of third-party logistics and managed transportation services. Monroe partnered on the...
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October 11, 2022, 07:47 AM
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Radiant Logistics secured a new $200.0 million syndicated secured revolving credit facility to replace its existing $150.0 million revolving facility. The Secured Facility enhances the Company's financial flexibility, providing increased capacity to...
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August 09, 2022, 08:00 AM
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Amerisource Business Capital closed and funded a $2,000,000 credit facility for a Texas-based drayage trucking firm. The firm is expanding and the proceeds were used to provide working capital to support their growth.
Kelly Collins, Regional...
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Wintrust Receivables Finance (WRF) closed a new $4,000,000 account receivable line of credit for a Southwestern based Logistics Company. The company was founded over two years ago by highly respected veterans of the freight tech industry, generating...
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the growth investment in Wagner Logistics by LongueVue Capital.Founded in 1946 and...
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January 05, 2022, 07:10 AM
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Ryder System executed a new $1.4 billion five-year global revolving credit facility, which includes 11 global institutions, and will expire on December 14, 2026. The credit facility will be used for working capital and other general corporate...
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December 21, 2021, 07:44 AM
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Sterling National Bank's Asset Based Lending Group provided a senior secured credit facility totaling $25,000,000 to a technology driven freight logistics company. The credit facility is to provide working capital for the company’s ongoing operations...
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December 09, 2021, 07:35 AM
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Huntington Business Credit announced it closed a new $10,000,000 credit facility with Mid America Freight Logistics, LLC on October 1, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital...
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October 22, 2021, 08:00 AM
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Mullen Group Ltd. entered into a new credit agreement with Canadian Imperial Bank of Commerce ("CIBC"). The CIBC Credit Facility is a $100.0 million revolving demand credit facility to finance the Corporation's general operating requirements...
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October 01, 2021, 07:07 AM
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Wintrust Receivables Finance announced its partnership with Pittsburgh-based, leading 3PL company Elite Transit Solutions (ELITE). The financing will support ELITE's rapid transformation from a regional transportation logistics company to a national...
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Wintrust Receivables Finance closed a new $4.75 million line of credit for a provider of logistics and transportation management services.The family-owned and operated company manages both the inbound and outbound freight for a number of well-known...
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XPO Logistics announced the refinancing of $2.0 billion of existing term loan facilities to, among other things, reduce the applicable interest rate.The existing $1.5 billion term B facility, which bore interest at a rate of LIBOR plus 2.00%, and the...
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Wintrust Receivables Finance (WRF) closed a new $4.7 million accounts receivable line of credit for a growing logistics company that specializes in providing refrigerated freight for the food and beverage industry.This transaction will provide the...
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February 09, 2021, 07:40 AM
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Calera Capital, a leading middle-market private equity firm, announced today the completion of a majority recapitalization of FitzMark, LLC (“FitzMark”), in partnership with the founder and CEO Scott Fitzgerald. Headquartered in Indianapolis, IN...
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December 23, 2020, 08:40 AM
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Uber Technologies, Inc. and Greenbriar Equity Group, L.P., a New York-based investment firm and one of the leading investors in the logistics space, announced an investor group led by Greenbriar has committed to invest $500 million in a Series A...
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October 05, 2020, 08:00 AM
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Amerisource Business Capital announced the closing of $10 million in credit facilities to complete the leveraged buyout of a transportation and logistics company located in Texas. Amerisource provided term facilities to finance the acquisition, as...
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Radiant Logistics, Inc. announced that it has secured a new $150.0 million syndicated secured revolving credit facility to replace its existing $75.0 million revolving facility. The Secured Facility enhances the Company's financial flexibility...
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East West Bank served as Lead Arranger and Administrative Agent for a three- year, $90 million senior secured credit facility, consisting of a i) $65 million asset based revolving line of credit, and ii) $25 million cash-flow term loan. The...
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November 15, 2019, 08:40 AM
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Wintrust Receivables Finance announced the closing and funding of a $20 million credit facility for a third-party logistics provider based in Chicago. The company, which was founded two years ago, has become one of the fastest growing enterprises in...
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October 30, 2019, 08:40 AM
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Fifth Third Business Capital Canada Inc., a subsidiary of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $7,000,000 senior credit facility to Scarborough, Ontario, Canada-based CLT Logistics, Inc....
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September 20, 2019, 08:39 AM
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Citizens Commercial Banking led a senior secured asset-based revolving credit facility for Kane Is Able, Inc. The proceeds were used to partially fund the majority acquisition of Kane Is Able, Inc. by Harkness Capital Partners and for general working...
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Universal Logistics Holdings, Inc., a provider of customized transportation and logistics solutions, announced that it has closed on a new $350.0 million syndicated credit facility. The credit facility consists of a $150.0 million term loan and a...
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November 29, 2018, 07:54 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $185 million senior credit facility, as well as the arranger on a $50 million mezzanine facility, to support the acquisition of an international...
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September 11, 2018, 08:00 AM
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Wells Fargo & Company announced that 33-year banking veteran Alfred (Al) Kenrick will lead Middle Market Banking (MMB) in Silicon Valley, including three offices in Palo Alto, San Jose and Monterey.
Based in Palo Alto, Kenrick now leads a local team...
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September 10, 2018, 07:06 AM
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Siena Lending Group LLC announced the completion of a $3.75 million asset-based revolving credit and term loan facility for MDT Holdings LLC, the owner of Michael Dusi Logistics (MD”). The facility will be used to support the company’s growth and...
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September 06, 2018, 07:12 AM
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Santander Bank announces that its Asset Based Lending group has closed a $10 million senior secured revolving line of credit with Janel Group, Inc. to support its growing working capital needs. Janel Group provides full-service cargo transportation...
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Citizens Bank announced that Citizens Commercial Banking is leading $400 million in credit facilities for VSE Corp., a diversified logistics and services company based in Alexandria, Va. Citizens is the sole lead arranger. A Citizens client since...
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January 12, 2018, 07:20 AM
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A&R Logistics Inc., announced that it has successfully renewed its $140 million Senior Secured Facility with significantly improved terms for the Company.The renewed bank facility improves pricing on both the Revolving Credit and Term Loan portions...
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December 05, 2017, 07:23 AM
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East West Bank announced that it served as Lead Bank and Administrative Agent for a three-year, $50 million fully conforming ABL revolving line of credit. iGPS Logistics LLC used the facility to refinance its previously existing debt and fund the...
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November 03, 2017, 07:16 AM
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NXT Capital announced that it has upsized the senior credit facility for Material Handling Services to $175 million to support the add-on acquisition of National Glass & Gate Service, Inc. Material Handling Services is a portfolio company of CI...
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December 02, 2016, 07:36 AM
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Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial Inc., has entered into an agreement with Unified Logistics Holdings, LLC (Unified) to provide a senior secured term loan to refinance existing debt and...
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November 29, 2016, 07:33 AM
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Capital Southwest Corporation provided a $13 million term loan to refinance existing first lien debt of Amware Fulfillment, LLC ("Amware"), a portfolio company of Rotunda Capital Partners. The transaction closed on July 29, 2016. Capital Southwest is...
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August 03, 2016, 07:50 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to supply chain solutions provider Kane Is Able. Citizens is the sole lender on the financing. “Citizens Bank has proven to be a great financial...
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DynCorp International announced the closing of its previously announced exchange offer and consent solicitation relating to its 10.375% Senior Notes due 2017. The company also announced the completion of the other elements of its comprehensive...
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Marquette Business Credit recently funded a credit facility to Load Delivered Logistics, LLC. Based in Chicago, IL, Load Delivered Logistics is a third party logistics provider with unmatched service, next level technology and a national reaching...
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TAB Bank announced it has provided a $4.5 million asset-based credit facility for a logistics and supply chain management company with operations in California and the Northeast. The new facility will pay off the company’s previous lender and...
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November 16, 2015, 07:51 AM
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Commercial Distribution Finance (CDF), a division of GE Capital, announced it has provided international IT solutions and managed services provider Logicalis US with $53 million in short term accounts receivable (STAR) funding. Logicalis used the...
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Prospect Capital Corporation has provided Capstone Logistics, LLC, an existing portfolio company of Prospect, with an incremental $37.5 million of floating rate secured term debt to support Capstone’s acquisition of Pinnacle Workforce Logistics LLC...
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Renasant Business Credit announced the closing of a $15 million asset-based revolving line of credit for a Southeast based company engaged in providing fuel management services and fuel products to large corporate owned fleets. The company was...
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Rand Logistics, Inc. closed a $170 million revolving loan facility which refinanced approximately $102.0 million of the company's senior secured debt and increases credit availability.The refinancing accomplishes the following financial...
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MidCap Business Credit announced today that it has completed a $7.5 million asset-based line of credit to Land-Air Express of New England, Ltd., headquartered in Williston, VT. Land-Air Express provides direct and next day delivery services to...
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February 10, 2015, 07:41 AM
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Siena Lending Group announced the completion of a three-year $6 million senior secured credit facility for OL International Holdings LLC on November 14, 2014. The facility was used to fund a portion of the acquisition and will be used to support the...
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December 10, 2014, 07:42 AM
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Main Street Capital Corporation announced it recently led a financing totaling $15.9 million of invested capital in Mystic Logistics, Inc. ("Mystic") to support the majority recapitalization of Mystic, with Main Street funding $12.7 million of the...
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August 21, 2014, 07:17 AM
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GE Antares served as administrative agent on a senior secured credit facility to support the acquisition of Kellstrom Defense Aerospace, Inc. by the Merex Group, a portfolio company of Dubin Clark & Company, Inc. GE Capital Markets served as sole...
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FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan facility to IMEX Global Solutions, LLC on March 20, 2014. IMEX Global Solutions, LLC is a portfolio company of Lion Equity, a Denver-based private equity firm...
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UTi Worldwide Inc. announced the successful closing of its senior secured asset-based revolving credit facility (the "ABL Facility") with Citigroup Global Markets Inc., Morgan Stanley Senior Funding, Inc. and Bank of the West. The ABL Facility...
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First Capital, a specialized commercial finance company, announced that it has provided a $9,000,000 Asset-Based lending facility to Xenon Arc, Inc., a provider of business process solutions and logistics services for specialty chemicals and related...
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September 16, 2013, 08:01 AM
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Bank of America Business Capital announced it has provided a $32.5 million asset-based working capital facility to MIQ Logistics, including its operations in the United States and in the United Kingdom. Bank of America Merrill Lynch also is providing...
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August 30, 2013, 07:38 AM
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Radiant Logistics, Inc., a domestic and international logistics services company, announced that it had secured a new $30.0 million senior credit facility with Bank of America. The senior facility replaces the company's $20.0 million facility with...
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August 14, 2013, 07:41 AM
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Marquette Business Credit recently provided Farren International with a $12.95 million senior credit facility consisting of a revolving line of credit, an equipment term loan and a cash flow term loan. Marquette’s credit facility allowed the company...
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