Specialty Logistics Company Refis Equipment Debt With New $35 Million Senior Secured Term Facility


Tombstone Financing Details:

Borrower: Specialty Logistics And Supply Chain Solutions Provider
Refi Facility: Senior Secured Equipment Term Loan
Equipment Facility Size: $35 Million
Term Loan Pricing: LIBOR Plus Spread
Use Of Proceeds: Refi Existing Debt
Collateral: Machinery And Equipment
Loan Covenants: Customary Covenants Required
Substantial Referral Fee Paid: Yes
Tombstone Narrative: Brampton Capital is pleased to announce its affiliate sourced a new facility to refinance the machinery and equipment of a specialty long and short haul carrier and supply chain solutions provider.  The client was a mature company, with annual revenues in the hundreds of millions.  The company desired to refinance its equipment to provide working capital in conjunction with separate contemporaneous new facilities for the client’s other asset classes, aggregating to an overall refinance in excess of $100 million.   The new equipment term loan was a senior secured and LIBOR based facilty.  The facility contained financial covenants concerning maximum senior and total leverage, interest and fixed charge coverage, and maximum capex expenditures.

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