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News Stories (48 Results) - Transportation

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... Read Story

December 06, 2017, 07:17 AM

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... Read Story

November 30, 2017, 07:10 AM

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... Read Story

November 07, 2017, 07:25 AM

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... Read Story

October 27, 2017, 07:04 AM

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... Read Story

October 23, 2017, 07:20 AM

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... Read Story

October 05, 2017, 07:17 AM

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... Read Story

September 07, 2017, 07:11 AM

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... Read Story

July 24, 2017, 07:22 AM

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... Read Story

June 26, 2017, 07:38 AM

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... Read Story

June 19, 2017, 07:10 AM

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... Read Story

May 31, 2017, 07:01 AM

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... Read Story

April 26, 2017, 07:41 AM

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... Read Story

April 11, 2017, 07:05 AM

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... Read Story

March 30, 2017, 07:15 AM

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... Read Story

December 08, 2016, 07:49 AM

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... Read Story

June 29, 2016, 07:58 AM

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... Read Story

December 22, 2015, 07:19 AM

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... Read Story

December 09, 2015, 07:49 AM

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... Read Story

September 18, 2015, 07:50 AM

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... Read Story

September 14, 2015, 08:02 AM

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... Read Story

July 21, 2015, 08:05 AM

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... Read Story

April 08, 2015, 07:18 AM

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... Read Story

February 17, 2015, 07:39 AM

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... Read Story

February 10, 2015, 08:03 AM

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... Read Story

February 06, 2015, 07:44 AM

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... Read Story

December 18, 2014, 07:47 AM

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... Read Story

October 10, 2014, 07:43 AM

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... Read Story

September 26, 2014, 07:49 AM

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... Read Story

September 10, 2014, 07:51 AM

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... Read Story

August 22, 2014, 08:05 AM

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... Read Story

June 13, 2014, 07:53 AM

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... Read Story

May 23, 2014, 07:32 AM

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... Read Story

April 23, 2014, 07:11 AM

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... Read Story

April 02, 2014, 07:14 AM

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... Read Story

March 14, 2014, 07:32 AM

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... Read Story

March 13, 2014, 07:42 AM

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... Read Story

March 12, 2014, 07:01 AM

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... Read Story

March 07, 2014, 07:53 AM

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... Read Story

February 14, 2014, 07:43 AM

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... Read Story

December 04, 2013, 07:28 AM

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... Read Story

December 03, 2013, 07:58 AM

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... Read Story

October 29, 2013, 07:49 AM

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... Read Story

September 26, 2013, 08:02 AM

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... Read Story

September 17, 2013, 07:40 AM

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")... Read Story

August 05, 2013, 07:49 AM

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... Read Story

June 25, 2013, 07:51 AM

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... Read Story

March 28, 2013, 08:00 AM

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... Read Story

March 05, 2013, 07:22 AM