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News Stories (31 Results) - Rental

ABLE Equipment Rental of NY (ABLE) a supplier of Construction Equipment Rentals, Sales, Service and Parts, announced an increase to its' existing Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent. The $175 million facility is... Read Story

May 12, 2022, 07:44 AM

CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to... Read Story

February 03, 2022, 07:38 AM

Capital One served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, a full-service equipment rental supplier for the construction industry. The revolver has a $800 million accordion... Read Story

September 02, 2021, 08:00 AM

Sterling National Bank's Asset Based Lending Group increased total senior secured credit facilities from $22,000,000 to $29,940,000 for a nationwide equipment rental company that has been a client since 2016. The credit facilities will be used to... Read Story

August 12, 2021, 07:17 AM

Cambridge Savings Bank announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc., a full-service healthcare linen rental and commercial laundering company based in New Bedford... Read Story

July 29, 2021, 07:45 AM

36th Street Capital announced it recently financed $10 million of construction equipment for a large U.S.-based equipment rental services company.“We’re very excited to help fuel the rapid growth of our client as they support the post pandemic... Read Story

May 25, 2021, 07:08 AM

CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC).Founded in December... Read Story

March 31, 2021, 07:30 AM

Hertz Global Holdings announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation, a fleet management leader, to Athene Holding Ltd., a leading... Read Story

November 30, 2020, 08:00 AM

Amerisource Business Capital announced the closing and funding of a $4,000,000 revolving credit facility for a Texas based natural gas compression services firm.Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely... Read Story

April 28, 2020, 09:00 AM

ABLE Equipment Rental, Inc. of NY (ABLE) a supplier of Construction Equipment Rentals, Sales, Service and Parts, announced the closing of a $150 million Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent. The facility is... Read Story

March 06, 2020, 09:05 AM

Cambridge Savings Bank (CSB) announced the closing of a $12,500,000 senior secured credit facility with New England and Northeast Linen Supply (NELS), a leading linen service and uniform rental company that provides a full suite of textile products... Read Story

June 26, 2019, 08:39 AM

United Rentals, Inc. announced that its subsidiary, United Rentals, Inc. (URNA) launched syndication of a $1 billion senior secured term loan B credit facility (the “Term Loan B”), which will be guaranteed by United Rentals and certain subsidiaries... Read Story

October 01, 2018, 07:02 AM

Tiger Rental Group, LLC has refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners, L.P. ("Orion Energy") and a $60 million working capital revolving credit facility with... Read Story

August 13, 2018, 08:05 AM

CIT Northbridge Credit served as sole lead arranger on a $25 million revolving line of credit facility provided to Midwest High Reach, one of the premier independent equipment rental companies in the Chicago area.Midwest High Reach intends to use the... Read Story

February 16, 2018, 07:11 AM

Canadian Equipment Rentals Corp. announced that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. The company partnered with Maynbridge Capital for the next year through... Read Story

April 27, 2017, 07:14 AM

General Finance Corporation, a specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand, announced the amendment and... Read Story

March 29, 2017, 07:15 AM

Tiger Rental Group, LLC (together with its affiliated companies, “Tiger Rentals” or the “Company”) has closed on $ 135 million in financing, consisting of a $ 110 million senior first lien term loan with Orion Energy Partners, L.P. (together with its... Read Story

October 03, 2016, 07:56 AM

American Homes 4 Rent, a leading provider of high quality single-family homes for rent, announced the company entered into a $1 billion credit agreement with a syndicate of banks led by Wells Fargo Bank, National Association, as administrative agent... Read Story

August 18, 2016, 07:28 AM

Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company, announced that it acted as sole agent on a £34 million refinance to assist in the continued growth of Brandon Hire Limited.Brandon Hire Limited, a Rutland Partners LLP portfolio... Read Story

April 19, 2016, 07:53 AM

McGrath RentCorp, a diversified business-to-business rental company, has renewed its $420 million credit facility with a syndicate of banks. The five year facility matures on March 31, 2021 and replaces the company’s existing $420 million line of... Read Story

April 06, 2016, 07:45 AM

Marquette Business Credit recently funded a $5 million rental fleet financing facility and revolving line of credit to Midwest High Reach, Inc. Midwest High Reach is a full service construction and industrial equipment rental, sales, and service... Read Story

December 14, 2015, 07:58 AM

CapX Partners announced the closing of a $4 million senior term loan to MediLogix, a fast-growing player in the durable medical and respiratory equipment field. With management focused on several key initiatives to support growth — including building... Read Story

November 10, 2015, 07:25 AM

Wells Fargo Capital Finance announced that it acted as agent and lead arranger of an asset-based credit facility in support of the acquisition of Fork Rent Limited (“Fork Rent”) and One Call Hire Limited (“One Call”) by Searchlight Capital Partners... Read Story

October 15, 2015, 07:44 AM

United Rentals, Inc. and certain of their subsidiaries announced they entered into a Second Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $2,500 million, a portion of which is available for... Read Story

April 01, 2015, 06:46 AM

GAP, the Glasgow-based tool and equipment hire company, negotiated a GPB 220 million asset-based facility with a four bank syndicate led by RBS and including Barclays, Wells Fargo Capital Finance and PNC Business Credit.GAP was established in 1969 by... Read Story

March 24, 2015, 07:07 AM

Siena Lending Group LLC  (‘Siena”) announced the completion of a $3.0 million revolving credit facility for The Smedley Company (“Smedley”). The facility was used to refinance Smedley’s existing credit facility and will be used for working capital... Read Story

January 12, 2015, 07:53 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp.... Read Story

January 12, 2015, 07:44 AM

G.C. Andersen Partners, a New York-based investment bank, announced the closing of a $109.1 million financing for Acme Lift Co., the world's largest wholesale rental company. The financing was structured with an $85 million Senior Revolving Credit... Read Story

January 07, 2015, 07:55 AM

CIT Group Inc. announced that it served as Joint Lead Arranger in a $225 million senior secured credit facility for Clearlake Capital Group, a private investment firm, to acquire AmQuip Crane Rental , one of the largest lifting solutions businesses... Read Story

November 18, 2014, 07:51 AM

BMO Harris Bank’s Sponsor Finance group announced it was sole lead arranger and is administrative agent for $75 million in senior credit facilities to Classic Party Rentals, a portfolio company of funds managed by Apollo Global Management... Read Story

November 06, 2014, 07:27 AM

GE Antares, a unit of GE Capital, served as administrative agent on a $265 million senior secured credit facility to support the acquisition of United Site Services (USS) by Calera Capital. GE Capital Markets served as sole lead arranger and... Read Story

August 14, 2014, 07:52 AM