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News Stories (33 Results) - Logistics

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn... Read Story
June 04, 2024, 07:45 AM


Wintrust Receivables Finance (WRF) closed new $3,500,000 account receivable line of credit for a Midwest-based third-party logistics company. The company was founded in late 2022 by a logistics industry veteran. The CEO and founder has nearly 20... Read Story
May 29, 2024, 07:39 AM


SLR Business Credit funded a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL... Read Story
May 23, 2024, 07:29 AM


Amerisource Business Capital closed and funded a $16,000,000 revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity... Read Story
May 22, 2024, 07:59 AM


Wintrust Receivables Finance (WRF) closed a new $3,000,000 account receivable line of credit for a Southwest-based third-party logistics company. The company provides a diversified mix of transportation solutions including truckload, LTL, intermodal... Read Story
April 15, 2024, 07:40 AM


Wintrust Receivables Finance (WRF) closed a new $15,000,000 account receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been providing best-in-class logistics and transportation services to... Read Story
March 19, 2024, 07:58 AM


TAB Bank provided a California-based logistics company with a $1.5 million credit facility that spans multiple years. The company will rely heavily on the facility to fund growth and significantly expand its sales and contract pipeline, which is... Read Story
March 14, 2024, 07:46 AM


Rosenthal & Rosenthal announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.  A New Jersey-based logistics company wanted to take advantage of a new... Read Story
February 15, 2024, 07:55 AM


Aequum Capital recently closed $21,600,000 in credit facilities to a leading logistics and transportation organization providing hauling services to the New Mexico and Rocky Mountain Region. The credit facilities support ongoing working capital needs... Read Story
February 06, 2024, 07:54 AM


Mullen Group entered into a new $125.0 million credit agreement with PNC Bank Canada Branch. "Our relationship with PNC began in 2021 through the acquisition of HAUListic LLC. With the addition of PNC to our lending group we now have $375.0 million... Read Story
January 08, 2024, 07:59 AM


Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southwest-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The... Read Story
October 31, 2023, 07:32 AM


Clarus Capital completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to support corporate... Read Story
October 23, 2023, 08:11 AM


Capteris closed a $15 million term loan with a major North American logistics solutions provider. The loan was part of a larger refinancing package by which Capteris was able to provide an attractive debt solution that allowed the company to address... Read Story
October 23, 2023, 07:00 AM


Wintrust Receivables Finance (WRF) closed a new $3 million account receivable line of credit for a southeast-based transportation broker (Company). This new client is the result of a roll-up of three smaller third-party logistics firms. The Company... Read Story
October 17, 2023, 07:00 AM


Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southeast-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The... Read Story
October 03, 2023, 07:54 AM


SLR Credit Solutions closed a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt). Essex Technology Group is one of the leading providers of reverse logistics and excess inventory... Read Story
September 19, 2023, 07:50 AM


SSG Capital Advisors acted as the investment banker to Unicon Acquisition, Inc. in the sale of substantially all of its assets to a private equity buyer. The transaction was effectuated through a sale of the senior secured debt and a subsequent... Read Story
June 16, 2023, 07:40 AM


Evans Transportation Services closed a new credit facility with PNC Bank. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400... Read Story
December 21, 2022, 07:28 AM


Flexport Capital, the trade financing arm of Flexport, secured a credit facility of up to $200 million from separate insurance accounts managed by KKR, a leading global investment firm. The credit facility will allow Flexport Capital to continue to... Read Story
October 20, 2022, 07:52 AM


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


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


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center... Read Story
March 04, 2022, 07:40 AM


Daseke refinanced its existing $484 million Term Loan B due February 2024 with a new $400 million Term Loan B and available cash. The new Term Loan B, maturing in March 2028 has a floating interest rate of LIBOR + 400 basis points, which is reduced... Read Story
March 12, 2021, 07:00 AM


PNC Bank, National Association, announced the closing of a $200 million senior secured credit facility for Armada Partners, LP (Armada). PNC served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and... Read Story
December 04, 2018, 07:07 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


NFI Group Inc., the largest bus and motor coach manufacturer and parts distributor in North America, announced that it and certain of its subsidiaries entered into a revolving credit facility with a total borrowing limit of $1.0 billion, which... Read Story
October 26, 2018, 07:08 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


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


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


InterNex Capital, an asset based digital lender, announced that Horizon Express, Inc. and Horizon Logistics, Inc. have chosen InterNex Capital for a revolving credit facility. The facility is being used to refinance existing debt and provide the... Read Story
April 12, 2017, 07:09 AM


Retired Rear Admiral Mark Heinrich, U.S. Navy, has joined global professional services firm Alvarez & Marsal (A&M) as a managing director based in New York. Admiral Heinrich brings more than 30 years of leadership experience in operations, logistics... Read Story
January 14, 2014, 07:06 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