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News Stories (50 Results) - Logistics

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... Read Story

October 11, 2022, 07:47 AM

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... Read Story

August 09, 2022, 08:00 AM

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... Read Story

June 22, 2022, 07:38 AM

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... Read Story

June 07, 2022, 06:00 AM

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... Read Story

January 05, 2022, 07:10 AM

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... Read Story

December 21, 2021, 07:44 AM

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... Read Story

December 09, 2021, 07:35 AM

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... Read Story

October 22, 2021, 08:00 AM

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... Read Story

October 01, 2021, 07:07 AM

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... Read Story

June 23, 2021, 07:03 AM

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... Read Story

April 21, 2021, 07:40 AM

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... Read Story

March 08, 2021, 06:00 AM

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... Read Story

February 09, 2021, 07:40 AM

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... Read Story

December 23, 2020, 08:40 AM

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... Read Story

October 05, 2020, 08:00 AM

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... Read Story

March 20, 2020, 09:00 AM

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... Read Story

March 17, 2020, 09:05 AM

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... Read Story

November 15, 2019, 08:40 AM

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... Read Story

October 30, 2019, 08:40 AM

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.... Read Story

September 20, 2019, 08:39 AM

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... Read Story

April 30, 2019, 09:00 AM

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... Read Story

November 29, 2018, 07:54 AM

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... Read Story

September 11, 2018, 08:00 AM

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... Read Story

September 10, 2018, 07:06 AM

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... Read Story

September 06, 2018, 07:12 AM

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... Read Story

March 13, 2018, 07:09 AM

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... Read Story

January 12, 2018, 07:20 AM

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... Read Story

December 05, 2017, 07:23 AM

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... Read Story

November 03, 2017, 07:16 AM

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... Read Story

December 02, 2016, 07:36 AM

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... Read Story

November 29, 2016, 07:33 AM

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... Read Story

August 03, 2016, 07:50 AM

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... Read Story

July 12, 2016, 07:37 AM

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... Read Story

June 17, 2016, 07:33 AM

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... Read Story

May 24, 2016, 07:09 AM

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... Read Story

November 16, 2015, 07:51 AM

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... Read Story

July 28, 2015, 07:50 AM

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... Read Story

June 16, 2015, 07:34 AM

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... Read Story

June 04, 2015, 07:38 AM

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... Read Story

March 31, 2015, 07:31 AM

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... Read Story

February 10, 2015, 07:41 AM

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... Read Story

December 10, 2014, 07:42 AM

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... Read Story

August 21, 2014, 07:17 AM

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... Read Story

May 16, 2014, 07:38 AM

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... Read Story

April 24, 2014, 07:44 AM

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... Read Story

March 28, 2014, 07:49 AM

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... Read Story

September 16, 2013, 08:01 AM

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... Read Story

August 30, 2013, 07:38 AM

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... Read Story

August 14, 2013, 07:41 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