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...
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December 21, 2022, 07:28 AM
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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...
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October 20, 2022, 07:52 AM
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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...
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October 11, 2022, 07:47 AM
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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...
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June 07, 2022, 06:00 AM
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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...
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March 04, 2022, 07:40 AM
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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...
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March 12, 2021, 07:00 AM
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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...
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December 04, 2018, 07:07 AM
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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...
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November 29, 2018, 07:54 AM
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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...
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October 26, 2018, 07:08 AM
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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...
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September 11, 2018, 08:00 AM
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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...
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September 06, 2018, 07:12 AM
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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...
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January 12, 2018, 07:20 AM
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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...
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December 05, 2017, 07:23 AM
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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...
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April 12, 2017, 07:09 AM
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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...
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January 14, 2014, 07:06 AM
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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...
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June 25, 2013, 07:51 AM
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