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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank Agents $525MM Refinancing for Rand Logistics
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Lenders/Participants
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PNC Bank [Lead Lender]
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Structure
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Refinance Credit Facility
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Amount
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$525.000
Million
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Borrower(s)
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Rand Logistics
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Description
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The refinancing, led by PNC Bank as administraStructured as an asset-based loan leveraging the value of Rand's active fleet, the new facility enhances the company's financial flexibility and liquidity, supports Rand's ongoing investments in fleet maintenance and optimization, and positions the company for larger-scale strategic initiatives, including new vessel construction and transformational M&A opportunities.tive agent, was executed through a syndicate of six banks.
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Industry
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Logistics
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Location
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NY
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| Related Tags |
PNC Bank
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ABL Advisor
Deal Tables
2025
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