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Wintrust CF Leads, Arranges $90MM Term Loan Facility for Transportation Firm

May 02, 2019, 07:20 AM

Wintrust Commercial Finance (WCF) announced it acted as lead arranger for a $90 million term loan facility for a national transportation and logistics services firm. Proceeds from the facility, which includes a $40 million accordion feature, will be used to finance rolling stock to expand and grow the company’s fleet. In addition to Wintrust, four other institutions joined the bank group to complete the financing.

“Wintrust is honored to have been selected by the company and its sponsors to lead and arrange this facility to support the company’s future growth,” said Kirk Phillips, President and CEO of WCF. “The entire Wintrust team worked tirelessly to meet the customer’s expectations and was pleased to bring together a strong group of other institutional lenders to provide a creative capital solution.”

Since its inception in 2015, WCF has provided more than $1.4 billion in financing for its customers and strategic relationships. WCF is an equipment-focused financing group, headquartered in Frisco, TX. Its focus industries include transportation, construction, manufacturing, energy services, aviation, marine, environmental/waste, packaging and turnkey property, plant, and equipment, among others. WCF, a division of Wintrust Asset Finance Inc., is a business unit of Wintrust.

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