FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Alcentra Capital Provides $10MM Term Loan to Radiant Logistics

Date: Apr 08, 2015 @ 07:18 AM
Filed Under: Transportation

Alcentra Capital Corporation  has provided $10 million in a subordinated secured term loan to Radiant Logistics, Inc. in support of its acquisition of Wheels Group Inc., one of the largest non-asset based third party logistics providers based in Canada.

Radiant is a non-asset based transportation and logistics company providing domestic and international freight forwarding services and an expanding array of value-added solutions, including customs and property brokerage, order fulfillment, inventory management and warehousing.

Alcentra is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Alcentra's investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra's investment activities are managed by its investment adviser, Alcentra NY, LLC.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.