Utica Equipment Finance announce the completion of a transaction totaling $10 million in the month of December. The $10 million capital lease secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in...
Read Story
January 06, 2023, 07:49 AM
|
Sterling National Bank's Asset Based Lending Group provided a secured revolving line of credit totaling $40,000,000 to a crane services company. The credit facilities will provide refinancing of existing debt and support the company’s anticipated...
Read Story
November 04, 2021, 07:46 AM
|
TNT Crane & Rigging closed on a $385 million asset-based lending revolving credit facility and a new $119 million 2nd lien term loan (the "2L Facility"). Proceeds from the ABL Facility and the 2L Facility will be used to repay all outstanding...
Read Story
September 09, 2021, 06:00 AM
|
NXT Capital closed a $95 million unitranche credit facility in support of L Squared Capital Partners’ acquisition of Crane 1. NXT Capital acted as the Administrative Agent, Sole Lead Arranger and Sole Bookrunner on this transaction. Crane 1 is one of...
Read Story
August 19, 2021, 08:00 AM
|
Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") provided a CAD$130 (US$103 million) senior facility to a company based in Western Canada specializing in crane and heavy haul services.
The senior facility was...
Read Story
August 17, 2021, 07:34 AM
|
CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services LLC.
Based in Houston, Texas, Circle 8 Crane Services...
Read Story
January 08, 2019, 07:08 AM
|
CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $35 million senior secured credit facility for Imperial Crane Services Inc.
For nearly half a century, Imperial Crane, based in...
Read Story
August 03, 2018, 07:18 AM
|