Rand Logistics subsidiaries ink $173 million facility via GE Capital

By Toni Weeks

San Diego, Oct. 4 - Subsidiaries of Rand Logistics, Inc. obtained a $173 million senior credit facility via lead agent GE Capital, Corporate Finance, according to a GE press release.

GE Capital Markets acted as lead arranger and bookrunner for the facility.

Proceeds will be used to refinance current debt and provide growth capital.

Based in New York, Rand provides bulk freight shipping services in the United States and Canada.

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