Utica Equipment Finance completed a $3,250,000 capital lease for a Texas-based company specializing in oil and gas equipment rentals in the last week of February. The transaction is secured by light towers, generators, man lifts, and forklifts. This...
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Garrington Capital closed a $1.6 million senior secured term loan to a support a buyer’s acquisition of a Pecos, Texas-based equipment rental business. The acquirer is a new, Dallas-based private equity sponsor.The borrower’s rental services include...
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Great Rock Capital closed a $46.3 million senior secured term loan for a fast-growing equipment management, leasing, and technology company.The term loan will provide growth capital and financial flexibility for the company as they increase the size...
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January 09, 2024, 07:29 AM
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EquipmentShare, one of the fastest-growing integrated equipment rental and equipment asset management companies in the United States, announced that it will increase its borrowing capacity from $2.1 billion to $3 billion through a senior secured...
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TCC Financial, the U.S. lending division of Travelers Capital Corp., a Canadian asset-based lender, is pleased to announce the successful closing of a US$30.8 million senior secured term loan facility to support the growth and development needs of a...
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January 31, 2023, 07:02 AM
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Fifth Third Bank provided a aew $25 million asset-based lending revolving credit facility to support the acquisition of Chandler, Arizona-based Capital Pump & Equipment, LLC.In August 31, 2022, Harkness Capital Partners ("HCP"), a New York-based...
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November 29, 2022, 07:35 AM
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United Rentals, Inc. announced the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the...
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November 14, 2022, 07:50 AM
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Encina Equipment Finance (EEF) provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles, and trailers.EEF was represented by Reed Smith LLP.Launched in June 2017, Encina...
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October 17, 2022, 07:00 AM
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Capital One served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider. EquipmentShare will use the facility, which increased its borrowing capacity from $1.2 billion to...
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October 14, 2022, 07:47 AM
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McGrath RentCorp completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities served as Joint Lead Arranger and...
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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...
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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...
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February 03, 2022, 07:38 AM
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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...
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September 02, 2021, 08:00 AM
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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...
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August 12, 2021, 07:17 AM
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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...
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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...
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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...
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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...
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November 30, 2020, 08:00 AM
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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...
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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...
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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...
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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...
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October 01, 2018, 07:02 AM
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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...
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August 13, 2018, 08:05 AM
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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...
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February 16, 2018, 07:11 AM
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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...
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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...
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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...
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October 03, 2016, 07:56 AM
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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...
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August 18, 2016, 07:28 AM
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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...
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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...
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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...
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December 14, 2015, 07:58 AM
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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...
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November 10, 2015, 07:25 AM
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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...
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October 15, 2015, 07:44 AM
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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...
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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...
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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...
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January 12, 2015, 07:53 AM
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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....
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January 12, 2015, 07:44 AM
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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...
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January 07, 2015, 07:55 AM
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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...
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November 18, 2014, 07:51 AM
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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...
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November 06, 2014, 07:27 AM
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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...
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August 14, 2014, 07:52 AM
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