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News Stories (14 Results) - Rental Equipment

WhiteHawk Capital Partners entered into an agreement with C3 Rentals, Inc. to provide a $100 million asset-based credit facility. C3 Rentals will use the proceeds of the financing to provide incremental liquidity for continued growth and to refinance... Read Story
May 08, 2024, 08:00 AM

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... Read Story
March 12, 2024, 07:35 AM

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... Read Story
March 07, 2024, 07:00 AM

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... Read Story
May 11, 2023, 07:35 AM

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... Read Story
January 31, 2023, 07:02 AM

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... Read Story
October 14, 2022, 07:47 AM

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... Read Story
July 20, 2022, 07:46 AM

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... Read Story
February 03, 2022, 07:38 AM

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... Read Story
September 02, 2021, 08:00 AM

Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story
June 11, 2021, 08:00 AM

For decades, both Ritchie Bros. and Rouse Services have been serving the equipment and truck industries with their respective appraisal businesses. With Ritchie Bros.' acquisition of Rouse last year, the company has now combined these two appraisal... Read Story
April 14, 2021, 07:09 AM

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... Read Story
April 27, 2017, 07:14 AM

PNC Bank, N.A. announced the closing of two credit packages totally $79.5 million for Rental Equipment Investment Company LLC (REIC), an equipment rental company based in Miami, Florida; and Total Plastics, Inc. (TPI), a leading distributor and... Read Story
August 24, 2016, 07:35 AM

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.... Read Story
January 12, 2015, 07:44 AM