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News Stories (23 Results) - Transportation

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... Read Story
March 22, 2019, 08:00 AM


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... Read Story
January 24, 2019, 07:17 AM


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... Read Story
January 08, 2019, 07:06 AM


Workhorse Group Inc., an American technology company focused on changing the way the world works by providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has closed a financing in the amount of $35 million... Read Story
January 03, 2019, 08:04 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


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... Read Story
October 05, 2018, 07:21 AM


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... Read Story
June 29, 2018, 07:06 AM


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... Read Story
June 26, 2018, 07:26 AM


Wells Fargo & Company announced its involvement as a lender for MiamiCentral, a first-of-its-kind, transit-oriented development that serves as the southern terminus to the recently-opened Brightline inter-city express passenger train. Wells Fargo... Read Story
June 13, 2018, 08:00 AM


Hilco Valuation Services announced the appointment of Bryan Courcier to Senior Vice President of its Transportation and Construction Advisory business. This new position has been created to build a market leading valuation and advisory platform in... Read Story
January 08, 2018, 08:00 AM


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


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


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


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


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


Trucking firm Celadon has reached an agreement in principle with Bank of America, the agent under its current credit facility, for a new $225 million senior secured revolving credit facility. The Proposed ABL Facility will be used to refinance the... Read Story
May 02, 2017, 07:18 AM


Bibby Financial Services (BFS) North America announced that Daniel Rodrigue has rejoined the company as National Head of Sales for Factoring and Transportation for the U.S. market, a significant step toward executing BFS’s strategic growth... Read Story
April 18, 2017, 08:00 AM


Cargojet Inc. announced that it had amended its syndicated banking facility to increase its revolving credit facility from $175 million to $200 million. Additionally, a 5-year term loan facility of up to $75 million was added that will be used to... Read Story
April 12, 2017, 07:06 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


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


Crestmark announced the addition of Scott C. Doyle as Vice President, Account Executive. He will report through Ray Zilke, First Vice President - Portfolio, and will work as a part of Crestmark’s growing Transportation Division located in Franklin... Read Story
September 05, 2013, 07:17 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


The Winter Trucking Report released from TAB Bank is showing signs of a slow and steady economic recovery according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and... Read Story
January 31, 2013, 06:59 AM