January 23, 2024 – Garrington Capital (garringtoncapital.com), a leading provider of capital solutions to middle- market companies in the United States and Canada, is pleased to announce the closing of a $8.3 Million Senior Secured Term Loan (the “Loan”) to a third-generation, family-owned short/long-haul regional trucking company.
The borrower serves customers in the southeast and mid-west with a fleet of 120 trucks and 300 trailers, hauling primarily commodities, chemicals, automotive parts, textiles, and other industrial manufacturing products. The company offers specialized services that include dedicated fleets, hazardous materials hauling, and temperature control transport. The proceeds of the Loan were used to refinance existing debt and to provide additional working capital.
About Garrington Capital
Garrington Capital US Corp. and its affiliates (collectively, “Garrington”) provide creative investment funding solutions ranging from $1 million to $30 million to small- and medium-sized companies throughout the US and Canada. Garrington strives to support entrepreneurial businesses with practical and creative working capital solutions and aims to be the first call when opportunities arise. Our leadership and investment teams are comprised of experienced, well-seasoned and creative investment and finance professionals that share the belief that Garrington is well-positioned to respond to the working capital challenges facing small- and medium-sized enterprises. With headquarters in Toronto and Chicago, as well as offices in Texas and Connecticut, Garrington has approximately 65 employees and has deployed, as both a principal and credit advisor to certain funds, more than $5 billion since inception in 1999.