Daily News: June 25, 2013

Marquette Provides $12.95MM Facility to Farren

Marquette Business Credit said it provided Farren International with a $12.95 million senior credit facility consisting of an equipment term loan, a revolving line of credit and a cash-flow term loan.

Marquette’s credit facility allowed the company to consolidate three successful businesses and position itself for future growth initiatives, including acquisitions. Farren International, headquartered in Randolph, NJ, provides total logistics solutions, including heavy haul trucking, warehousing, specialized rigging, aircraft transport and other full logistical services.

“Marquette worked quickly and efficiently with the owners, managers and investors of three already vital businesses to help bring about a successful and promising consolidation,” said Phil Antonucci, CEO Farren International.