Platinum Equity led a new and upsized second-lien term loan for Railway Equipment Leasing and Maintenance (RELAM), a provider of specialty rental equipment, to refinance the company’s existing indebtedness and support future growth of the business._x000D_
_x000D_
“RELAM has been a great partner and the company continues to perform,” Jacob Kotzubei and Louis Samson, co-presidents of Platinum Equity, said in a joint statement. “As an incumbent lender who knows the business, the leadership team and the sector, we were in a great position to provide RELAM a refinancing solution that meets the current and future needs of the company and its sponsor.”_x000D_
_x000D_
The RELAM financing is led by Platinum Equity’s credit team._x000D_
_x000D_
“Our goal is to forge meaningful long-term partnerships with borrowers in which we can add real value and earn the right to provide solutions for whatever they need time and again,” Michael Fabiano, managing director and global head of credit for Platinum Equity, said. “RELAM has been a great fit for our approach. We are enthusiastic to partner with Paceline again and continue supporting RELAM’s next phase of growth.”_x000D_
_x000D_
Houlihan Lokey acted as the exclusive placement agent to RELAM. Phoenix Merchant Partners participated in the financing alongside Platinum Equity.
Forward for Specialty Finance
