Daily News: May 28, 2014

NXT Capital Arranges Material Handling Services Refi

NXT Capital announced that it has provided a $100 million senior secured credit facility to support the refinancing of Material Handling Services, a portfolio company of CI Capital Partners.

NXT Capital acted as the joint lead arranger, joint bookrunner and administrative agent for the transaction.

“NXT Capital is a valued financing partner and we are pleased to work with them once again,” said Tim Hall, managing director, CI Capital Partners. “NXT developed an understanding of Material Handling Services’ business and provided a flexible financing solution to support the company’s growth.”

Material Handling Services is a provider of brand-independent fleet management and asset management services to Fortune 2000 manufacturing, distribution, healthcare and hospitality companies.