Wintrust Commercial Finance recently provided a $10.5 million term loan to a dredging services company with operations along U.S. coastal waterways and the major U.S. river systems.
The transaction is secured by towboats, barges and dump scows and the proceeds of the loan were used to refinance an existing credit facility.
Since its inception in April, WCF has approved more than $350 million in financings.
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Terry Mulreany
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