Wintrust Arranges $90MM Term Loan for Transportation Firm
MAY 2, 2019 - 6:45 am
Wintrust Commercial Finance acted as lead arranger on a $90 million term loan facility for a national transportation and logistics services firm.
Proceeds from the facility, which includes a $40 million accordion feature, will be used to finance rolling stock to expand and grow the company’s fleet.
In addition to Wintrust, four other institutions joined the bank group to complete the financing.
“Wintrust is honored to have been selected by the company and its sponsors to lead and arrange this facility to support the company’s future growth,” said Kirk Phillips, president and CEO of WCF. “The entire Wintrust team worked tirelessly to meet the customer’s expectations and was pleased to bring together a strong group of other institutional lenders to provide a creative capital solution.”
Since its inception in 2015, WCF has provided more than $1.4 billion in financing for its customers and strategic relationships. WCF is an equipment-focused financing group, headquartered in Frisco, TX, offering sophisticated loan and lease products to commercial companies throughout the U.S. Its focus industries include transportation, construction, manufacturing, energy services, aviation, marine, environmental/waste, packaging and turnkey property, plant, and equipment, among others. It is a division of Wintrust Asset Finance.
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