Amergin Asset Management closes $450 million credit facility

By Marisa Wong

Los Angeles, Nov. 13 – Amergin Asset Management announced that Amergin Rail, a portfolio company of certain funds managed by Amergin Asset Management, has closed on a $450 million credit facility that includes a revolving tranche to fund future railcar and portfolio acquisitions, according to a press release.

Deutsche Bank AG, New York Branch acted as administrative agent, syndication agent and a lender; Credit Agricole CIB and Landesbank Hessen-Thueringen Girozentrale (Helaba) acted as documentation agents and lenders; Societe Generale acted as a lender; and Eversheds Sutherland (US) LLP acted as external borrower and credit facility counsel to Amergin Asset Management and Amergin Rail.

Boca Raton, Fla.-based Amergin Asset Management is a registered investment adviser and specialized private fund manager focused on investing in transportation and other equipment assets.

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