GE Commercial Finance Corporate Lending today announced it provided $98.7 million in financing to Rand Logistics, Inc., a bulk freight shipping services provider. The financing, which includes both U.S. and Canadian senior secured credit facilities, will be used for acquisition financing and working capital needs. GE Capital Markets arranged the transaction. GE also provided the company with interest rate risk management. With operations based in Port Dover, Ontario, and Avon Lake, Ohio, Rand is a leading provider of bulk freight shipping services throughout the Great Lakes region. The company operates vessels in both the U.S. and Canada.
