RESIDCO, a specialty leasing and asset-based investment platform focused on rail and aviation equipment, renewed and expanded its $450 million senior secured revolving credit facility, led and arranged by Fifth Third Bank.
The renewed facility totals $450 million, representing an increase from the prior facility and further strengthening RESIDCO’s capital flexibility and long-term growth capacity.
This milestone builds upon a relationship between RESIDCO and Fifth Third Bank that spans more than two decades and reflects the continued alignment between the two organizations.
“Our relationship with Fifth Third Bank has been foundational to RESIDCO’s growth for over twenty years and is rooted in a shared commitment to long-term partnership, transparency and mutual success,” Michael Yovkovich, president of RESIDCO, said. “At RESIDCO, we pride ourselves on conducting business with honest and equitable dealing, and this expanded credit facility is a strong endorsement of that approach, as well as our platform and portfolio performance. It positions us to continue executing on our growth strategy and capitalize on attractive investment opportunities across both the rail and aviation sectors.”
Fifth Third Bank served as administrative agent, lead arranger and joint bookrunner for the transaction.
“We are proud to continue our long-standing relationship with RESIDCO and to support their next phase of growth,” Rich Berthold, senior vice president and market executive at Fifth Third Bank, said. “RESIDCO’s disciplined approach, strong track record and commitment to long-term partnership make them a valued client, and we look forward to continuing to grow together.”
