Great Rock Capital closed a senior secured credit facility with National Railway Equipment Company (“NRE”). NRE, a portfolio company of TRM Equity (“TRM”), is a global provider of locomotive and marine products and services, servicing class 1’s, short line rail, government/industrial rails, and the inland marine transportation market.

The new credit facility, which includes a revolving line of credit and a term loan, refinanced the company’s existing debt and will provide additional liquidity to support growth.

“We are pleased to have this credit facility in place,” said Shaun Karn, Operating Partner at TRM Equity. The facility will provide the company with additional liquidity and financial support to advance our plan to reestablish NRE as a global leader in the rail, marine, and power industries.    

“We look forward to working with NRE as they execute on their strategic growth plans,” said Stuart Armstrong, CEO of Great Rock Capital. “The experienced leadership and strong support from TRM coupled with the increased financial flexibility from this new credit facility have positioned the company for continued success.”