FRISCO, Texas – May 2, 2019 – Wintrust Commercial Finance (WCF) is pleased to announce that 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, Texas, offering sophisticated loan and lease products to commercial companies throughout the U.S. 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.
Wintrust is a financial holding company with assets of over $32 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 160 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.
For more information, contact:
Thomas G. Forbes,
Senior Vice President, Capital Markets – Wintrust Commercial Finance