Rand secures loan for refinancing, growth

North America

Thursday, October 04, 2012

GE Capital said it is the lead agent on a $173 million U.S. and Canadian cash flow senior credit facility for subsidiaries of Rand Logistics, a provider of bulk freight shipping services in the Great Lakes region. The loan will be used to refinance current debt and provide growth capital. Through its subsidiaries, Rand operates a fleet of 16 dry-bulk vessels, including 12 self-unloading bulk carriers and tug/barge units. Rand is one of the only carriers able ...

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