Aequum Capital recently closed $21,600,000 in credit facilities to a leading logistics and transportation organization providing hauling services to the New Mexico and Rocky Mountain Region. The credit facilities support ongoing working capital needs...
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February 06, 2024, 07:54 AM
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Aequum Capital Financial closed $7,100,000 in credit facilities to support Kepler Capital's acquisition of a dominant regional heavy-duty commercial vehicle towing company. The credit facilities included a working capital revolver, cash flow based...
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January 24, 2024, 07:40 AM
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First Business Bank's Accounts Receivable Financing team funded a $5 million ledgered line Factoring facility to a client operating as a carrier in the transportation sector. The facility includes an additional $5 million accordion piece for future...
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January 19, 2024, 07:15 AM
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Bird Global, a leader in environmentally friendly electric transportation, entered into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird will operate...
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December 20, 2023, 07:40 AM
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The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced the completion of a follow-on offering of railcar asset-backed securities (ABS) securing long-term financing for...
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November 21, 2023, 05:00 AM
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Blue Bird Corporation, the leader in electric and low-emission school buses, announced that on November 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of...
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November 20, 2023, 08:00 AM
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Wintrust Receivables Finance (WRF) closed a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage. Drayage is the transport of goods by truck from a seaport, inland port, or...
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November 16, 2023, 07:47 AM
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eCapital closed a $6MM confidential factoring agreement with a rapidly growing paratransit and assisted mobility business. The Virginia-based corporation encountered challenges in finding a funding partner capable of keeping up with its expansion...
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August 21, 2023, 07:34 AM
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Great Rock Capital closed a $31.7 million senior secured term loan facility with SMG Industries, Inc. ("SMGI"), a publicly traded company. SMGI is a growth-oriented transportation services company focused on the domestic infrastructure logistics...
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Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, designed a flexible financing solution to a growing transportation solutions provider to expand its physical presence across Canada and maximize its working capital....
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Ares Management Corporation announced that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet as...
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Evans Transportation Services closed a new credit facility with PNC Bank. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400...
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December 21, 2022, 07:28 AM
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Fifth Third Bank provided a $9.4 million refinance credit facility including a revolving credit facility, real estate and equipment term loans to Lawrence, KS-based B12 Transportaton Group.B12 Transportation Group is a transportation focused holding...
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November 10, 2022, 07:00 AM
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Bird Global, a leader in eco-friendly electric transportation, announced that its subsidiary, Bird Rides, Inc., has amended its existing $150 million vehicle financing credit facility with MidCap Financial Investment Corporation and MidCap Financial...
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October 12, 2022, 07:48 AM
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Gordon Brothers provided Academy Bus a $72.5 million credit facility to support the bus company’s growing business.The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand...
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September 22, 2022, 08:00 AM
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Blue Bird Corporation, the leader in electric and low-emission school buses, entered into a fifth amendment to its credit facility, dated as of December 12, 2016.? Bank of Montreal acted as Administrative Agent and an Issuing Bank, Fifth Third Bank...
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September 12, 2022, 07:30 AM
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HyreCar, a leader in carsharing for rideshare and food/beverage delivery, announced an agreement with a premier global investment bank and Medalist Partners for a $100 million warehousing line of credit. The global investment bank will provide...
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September 06, 2022, 07:29 AM
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Wabtec Corporation signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility. The facility...
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August 18, 2022, 07:38 AM
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Wintrust Receivables Finance (WRF) closed a new $4,500,000 account receivable line of credit for a fast growing managed transportation company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of...
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Castlelake announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global Mobility ("VGM"), a leading provider to the smart mobility marketplace, for the...
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity...
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February 15, 2022, 08:05 AM
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Bridge Bank issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital...
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November 11, 2021, 07:41 AM
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TAB Bank provided a transportation company in California with a $10.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The company hauls...
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October 11, 2021, 07:47 AM
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The Greenbrier Companies, a leading international supplier of equipment and services to global freight transportation markets, announced the renewal and extension of three bank facilities totaling over $1.0 billion. Greenbrier successfully renewed...
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August 31, 2021, 07:43 AM
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Hilco Global has issued a timely report on the current state of the intermodal chassis market one year after freight traffic reached its lowest level of the ongoing pandemic. The report is accompanied by an industry primer developed to assist...
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Bridge Bank's East Bay Commercial & Industrial (C&I) Banking Group extended a $2.5 million credit facility to NORCAL Ambulance, a specialty-care transport company administratively based in Livermore, Calif. with stations throughout Northern...
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Amerisource Business Capital closed and funded a $1,500,000 senior credit facility for a Texas-based transportation services which serves the construction industry. The proceeds were used to facilitate the purchase of additional vehicles and support...
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Amerisource Business Capital announced the closing and funding of a $500,000 senior credit facility for a Louisiana-based trucking firm. The proceeds were used to support the company’s working capital and growth plans. Kelly Collins, Regional Market...
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Daseke refinanced its existing $484 million Term Loan B due February 2024 with a new $400 million Term Loan B and available cash. The new Term Loan B, maturing in March 2028 has a floating interest rate of LIBOR + 400 basis points, which is reduced...
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Grande West Transportation Group Inc., a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, announced that it has renewed its $20,000,000 credit facility.The Royal Bank of Canada (RY) is...
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October 26, 2020, 08:40 AM
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Crystal Financial closed a $45 million credit facility for Roadrunner Freight, a leading less-than-truckload (“LTL”) transportation provider. The Company services a diverse customer base across many industries including retail, industrial, food &...
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September 29, 2020, 08:55 AM
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UMB Capital Finance, utilizing the Accounts Receivable Finance business channel, provided a $20 million credit facility increase to an existing client, SOAR Transportation Group (SOAR), to assist in funding several acquisitions as well as for general...
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August 28, 2020, 08:00 AM
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UMB Bank, N.A., transacting business as UMB Capital Finance, announced the closing and funding of a $2,000,000 revolving account receivable credit facility for a transportation company specializing in flat bed equipment hauls. The proceeds of the...
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Stonegate Capital announced it has closed a $9,500,000 senior credit facility with Bay Area Traffic Solutions, Inc. (“BATS”). Metropolitan Capital Bank & Trust served as the debt advisor on the transaction and served an integral role in getting the...
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January 16, 2020, 09:00 AM
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Wintrust Receivables Finance is pleased to announce the closing and funding of a $4 million credit facility for a transportation broker based in Illinois. The company, which was founded less than three years ago, has shown consistent growth since its...
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October 16, 2019, 08:35 AM
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Phoenix Capital Resources (Phoenix), a leadng middle market special situations investment bank, acted as the exclusive financial advisor and investment banker to Action Ambulance in arranging, structuring, and negotiating a $6.4 million refinancing....
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Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a transportation company based in Oklahoma. Proceeds of the facility are being used to support working capital and growth needs.Nic Wagner, Regional...
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SEACOR Holdings Inc. entered into a Credit Agreement by and among the Company, as borrower, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Security Trustee for the Lenders, and JPMorgan Chase Bank...
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Global Merchant Fund Corp., a North American provider of financial solutions for middle-market companies, announced the acquisition of Accutrac Capital Solutions Inc., a transportation factoring company that provides working capital solutions to...
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New England Motor Freight, Inc. announced that the Company and ten related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11, 2019....
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February 12, 2019, 07:27 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it acted as sole lender and administrative agent on the funding of an $11,880,000 senior credit facility to Nampa, Idaho-based Off-Spec Solutions. Off-Spec Solutions is an over-the...
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February 08, 2019, 07:18 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it acted as sole lender and administrative agent on the funding of a $8,970,000 senior credit facility to Rancho Dominguez, California-based Premium Transportation Services, Inc. d...
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January 24, 2019, 07:17 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior...
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January 08, 2019, 07:06 AM
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Wabash National Corporation entered into a Second Amended and Restated Credit Agreement, among the Company, certain of its subsidiaries as borrowers, the lenders from time to time party thereto, Wells Fargo Capital Finance, LLC, as the administrative...
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December 28, 2018, 08:07 AM
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Ryder System, Inc., a provider of commercial fleet management, dedicated transportation, and supply chain solutions, announced that it has established a new $1.4 billion five-year global revolving credit facility which will expire on September 27...
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October 05, 2018, 07:21 AM
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FreightRover LLC, a provider of supply chain management and payment solution technology for the transportation industry, announced it has closed on a new financing facility of up to $500 million with Crayhill Capital Management LP ("Crayhill") and...
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September 27, 2018, 07:00 AM
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Buggy TLC Rentals and Leasing and its affiliated entities, a portfolio investment of Bagnols Family Office Investment Partners, recently closed on a $30,000,000 Senior Credit Facility with Turning Rock Partners, a private investment firm based in New...
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September 13, 2018, 07:13 AM
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NXT Capital announced that it has provided a $47.5 million senior secured credit facility to refinance existing debt and to support GPSTrackit’s add-on acquisition of InTouch GPS. GPSTrackit is a portfolio company of Inverness Graham.
NXT Capital...
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Trax Technologies, a global freight audit and payment provider, and Veraction, a provider of transportation spend management and freight audit solutions, announced the merger of the two companies. The combined business will offer customers a single...
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Universal Logistics Holdings, Inc., an asset-light provider of customized transportation and logistics solutions, announced its acquisition of Fore Transportation, Inc. Based in the Chicagoland suburb of Harvey, Illinois, Fore Transportation offers a...
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February 07, 2018, 07:18 AM
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Crystal Financial LLC announced the completion of a $20.0 million Senior Credit Facility for Stone Road Energy (SRE). Headquartered in Bridgeton, ME, SRE is a leading provider of fuel delivery services for both the residential and commercial markets...
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February 07, 2018, 07:07 AM
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Capital One N.A. Sponsor Finance announced that it led a senior secured credit facility to support the recapitalization of Groome Holdings LLC by an affiliate of Cortec Group and the Groome family. Capital One acted as joint lead arranger for the...
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January 31, 2018, 07:10 AM
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MidCap Financial and Ares Commercial Finance announced that they have jointly provided an $80.0 million senior credit facility to a specialized trucking and environmental service provider, Action Enterprise Holdings, LLC d/b/a Action Resources. The...
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December 06, 2017, 07:17 AM
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Rivet Pty Limited, the Australian transportation and logistics company announced that it has obtained a financing package, including a term loan from Gordon Brothers Finance Company and Gordon Brothers that refinanced existing facilities and...
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November 30, 2017, 07:10 AM
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Navistar International Corporation announced that it has completed the refinancing of Navistar, Inc.'s existing approximately $1.0 billion senior secured term loan which was due to mature in August 2020 with a new $1.6 billion senior secured term...
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November 07, 2017, 07:25 AM
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Gigamon Inc., a provider of traffic visibility solutions, and Elliott Management, a multi-strategy private investment firm, announced that they have entered into a definitive agreement under which Elliott will acquire Gigamon for $38.50 per share in...
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October 27, 2017, 07:04 AM
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The Brink's Company announced the closing of a $1.5 billion credit facility that includes a $1.0 billion senior secured revolving credit facility and a $500 million senior secured term loan A. Loans under the revolver and term loan mature in 2022 and...
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October 23, 2017, 07:20 AM
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Encina Equipment Finance (EEF) and Great Rock Capital jointly announced that they have provided a $33 million senior secured credit facility to Falcon Transport (Falcon). The financing was used to help fund CounterPoint Capital Partners’ acquisition...
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October 05, 2017, 07:17 AM
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Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, announced that Textainer Marine Containers II Limited, an indirect, wholly-owned subsidiary of the Company, closed a refinancing to extend the term and...
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September 07, 2017, 07:11 AM
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Roadrunner Transportation Systems, Inc., an asset-right transportation and asset-light logistics service provider, announced that it has closed a new five-year $292 million asset-based lending facility provided by BMO Harris Bank, JPMorgan Chase and...
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Fortress Transportation and Infrastructure Investors LLC entered into the credit agreement with a syndicate of lenders, including JPMorgan Chase Bank, N.A., as administrative agent.
The Credit Agreement provides for revolving loans to be made...
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Ares Commercial Finance announced that it has provided a $25 million senior secured credit facility to URT United Road Towing, Inc.
The company provides tow services and other related vehicle management services to large municipalities, large...
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Kidd & Company, LLC, a family office investment firm focused on the middle market, together with McLarty Capital Partners, announced the recapitalization and merger of Advanced Distribution Solutions, Inc. (ADSI), Agile Network (Agile) and Pantechnik...
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REV Group, Inc. entered into a revolving credit and guaranty agreement providing for a senior secured asset-based revolving credit facility and a term loan and guaranty agreement providing for a $75.0 million senior secured term loan, the material...
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Santander Bank announced that its Corporate and Commercial Banking division has closed a $10 million senior secured revolving line of credit with OL International, an ocean and airfreight cargo transportation provider.Michael Grande, Senior Vice...
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BMO Harris Bank’s Asset Based Lending group, a leading provider of middle market and corporate asset based finance solutions, announced it was administrative agent, lead arranger, and bookrunner for a $100 Million revolving credit facility to Rush...
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Ares Commercial Finance announced that it has provided a $22.53 million senior-secured credit facility to Carey Holdings, Inc. Based in Maryland, Carey is the world’s leading integrated-network ground transportation brand serving the managed travel...
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December 08, 2016, 07:49 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a $450 million asset-based revolving credit facility for YRC Worldwide Inc., one of the largest transportation providers in the world offering less-than-truckload (LTL) freight...
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A transportation company based in North Carolina has chosen TAB Bank for a $5 million revolving credit facility. The facility is based on accounts receivable and will support the company’s ongoing working capital needs. The company operates 225...
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December 22, 2015, 07:19 AM
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Amerisource announced the closing and funding of a $3 million asset-based revolver for a transportation company in California servicing the retail industry. The company was introduced to Amerisource by its CPA. The company was previously financed by...
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December 09, 2015, 07:49 AM
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CapX Partners (CapX) announced their recent closing of a $7.5 million loan to meet the existing and future debt financing needs of Gray Line of Tennessee (GLT), a charter coach, sightseeing and tour bus company.Gray Line of Tennessee operates over...
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September 18, 2015, 07:50 AM
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NXT Capital announced that it has provided a $195 million senior secured credit facility to refinance Custom Ecology’s existing credit facility and provided financing for Custom Ecology’s acquisition of Stansley Industries. Custom Ecology is a...
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September 14, 2015, 08:02 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced today that it has provided senior credit facilities totaling $31.5 million to Amerijet International, Inc. Founded in 1974, Amerijet is a full service...
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Alcentra Capital Corporation has provided $10 million in a subordinated secured term loan to Radiant Logistics, Inc. in support of its acquisition of Wheels Group Inc., one of the largest non-asset based third party logistics providers based in...
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GE Antares, a unit of GE Capital, is serving as administrative agent on a $145.6 million senior secured credit facility to support the acquisition of Lazer Spot, Inc. by Greenbriar Equity Group. GE Capital Markets served as co-lead arranger and...
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February 17, 2015, 07:39 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $25 million credit facility to a transportation and logistics company with operations in the Mid-Atlantic and Southeast. The credit...
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February 10, 2015, 08:03 AM
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USA Truck, Inc., a leading North American transportation and logistics provider, has completed a $170 million senior secured revolving credit facility with a group of banks and Bank of America Merrill Lynch as agent. The facility also includes an...
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February 06, 2015, 07:44 AM
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Celadon Group, Inc. has increased its credit facility to $300 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital needs and...
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December 18, 2014, 07:47 AM
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MB Business Capital, a division of MB Financial Bank, N.A., recently provided a $5.2 million senior credit facility for Oakland, CA-based Transportation Agent Grid, LP. Transportation Agent Grid, LP is a wholesale freight brokerage company that...
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October 10, 2014, 07:43 AM
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Amerisource Capital, the ABL division of Amerisource, announced the closing and funding of a $4 million asset-based loan working capital revolver, secured by accounts receivable, for a regional trucking company based in Connecticut. For several...
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September 26, 2014, 07:49 AM
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Siena Lending Group announced the completion of a three-year $10 million senior secured revolving credit facility as part of a $25 million refinancing for Horizon Coach Lines (“HCL”). The financing was completed in conjunction with a capital lease...
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September 10, 2014, 07:51 AM
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Student Transportation Inc. ("STI"), North America's third-largest provider of school bus transportation services, announced it has entered into a new, five year extension to its senior credit facility led by BMO Harris Bank of Chicago.In addition to...
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August 22, 2014, 08:05 AM
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Aveda Transportation and Energy Services Inc. announced that it has received commitment letters (the "Commitments") from a syndicate of lenders led by PNC Bank Canada Branch, and including Royal Bank of Canada, and another large institutional lender...
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TAB Bank announced it has provided a $2.5 million asset-based lending facility for a transportation company located in the Northeast. The company is a long-haul, dry van carrier that operates 66 tractors and 185 trailers. In addition to...
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TAB Bank announced it has provided a $5.7 million asset-based credit facility for a transportation company located in the Southeast. The company operates a fleet of approximately 100 tractors and 115 trailers and is primarily a truckload...
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CIT Group Inc., a leading provider of financing and advisory services to small businesses and middle market companies, announced that it served as Joint Lead Arranger in a $450 million senior secured credit facility for YRC Worldwide, one of the...
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RBS Citizens, N.A. (RBS Citizens) has announced the successful completion of a transaction supporting the refinancing of $1.15 billion in senior credit facilities for YRC Worldwide Inc., one of the largest transportation providers in the world...
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Rand Logistics, Inc. announced a $212.5 million financing comprised of a $140.0 million senior secured credit facility and a $72.5 million second lien facility to refinance its existing senior secured debt and accrued preferred dividends.
The...
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KAR Auction Services, Inc. has amended and restated its credit agreement dated as of May 19, 2011. The term loans under the original credit agreement have been repaid in full and terminated, and refinanced with a $650 million three-year senior...
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ENTREC Corporation has closed a new $240 million senior secured asset-based credit facility (the "ABL Facility") with a syndicate of lenders led by Wells Fargo Capital Finance Corporation Canada. The syndicate of lenders also includes The Bank of...
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YRC Worldwide Inc. announced that it has closed on the financing of a new $700 million term loan and a $450 million Asset-Based Loan ("ABL") facility. The new ABL facility is $50 million larger than the company's current ABL facility and will support...
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February 14, 2014, 07:43 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of an $89 million asset-based facility for Daseke, Inc. Based in Addison, TX, the company is using the funds to merge with Boyd Bros. Transportation, Inc. and Boyd...
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December 04, 2013, 07:28 AM
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In a significant step outside their usual corporate finance strategy, AMERCO, parent company of U-Haul, worked with twenty-three community financial institutions to fund $100 million in U-Haul corporate debt.BancAssets, LLC, announces that it has...
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December 03, 2013, 07:58 AM
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Bank of America Business Capital announced it has provided a new $30 million credit facility to Transportation Solutions Enterprises. Proceeds will be used to refinance existing indebtedness and for future working capital needsTransportation...
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October 29, 2013, 07:49 AM
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GE Capital’s Transportation Finance business announced today that it has increased its credit facility for Rush Enterprises, Inc. to $750 million from $600 million. Rush, which operates the largest network of commercial vehicle dealerships in North...
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September 26, 2013, 08:02 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. today announced the closing of a $14 million asset based revolver for Gray Line of Tennessee. The company, which is based in Nashville, Tenn., is using the funds to refinance existing...
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September 17, 2013, 07:40 AM
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Prospect Capital provided $94 million in senior secured loans and equity for the recapitalization of CP Energy Services, Inc. ("CP Energy"), an energy services company based in western Oklahoma.CP Energy consists of CP Well Testing, Inc. ("CP Well")...
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August 05, 2013, 07:49 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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PNC announced it provided $30 million in a senior secured revolving credit facility for Heniff Transportation Systems. Headquartered in Oak Brook, IL, Heniff Transportation delivers liquid bulk chemicals throughout the continental United States and...
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Student Transportation Inc. and its subsidiaries announced today it has signed a new five year amended agreement with its senior lenders to extend the current bank credit facility agreement to February 2018. The company was in the second year of a...
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