STOCK TITAN

AMERGIN ASSET MANAGEMENT ANNOUNCES ENTRY INTO $450 MILLION CREDIT FACILITY

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
Argus Session date unavailable
+1.19% session move Open Argus
Details

News Market Reaction – OWL

The recorded move for OWL in the trading session of this news was +1.19%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

BOCA RATON, Fla., Nov. 13, 2023 /PRNewswire/ -- Amergin Asset Management ("AAM") today announced that Amergin Rail, a portfolio company of certain funds managed by AAM, has closed on a $450 million credit facility that includes a revolving tranche to fund future railcar and portfolio acquisitions.

Deutsche Bank AG, New York Branch, acted as Administrative Agent, Syndication Agent, and a Lender; Crédit Agricole Corporate and Investment Bank ("Crédit Agricole") acted as Documentation Agent and a Lender; Landesbank Hessen-Thüringen Girozentrale ("Helaba") acted as Documentation Agent and a Lender; Societe Generale acted as a Lender; and Eversheds Sutherland (US) LLP acted as external borrower and Credit Facility counsel to AAM and Amergin Rail.

For additional information on AAM's and Amergin Rail's operating rail or other financial solutions, please visit www.amerginam.com.

About Amergin Asset Management

Amergin Asset Management (AAM) is a Registered Investment Advisor and specialized private fund manager focused on investing in transportation and other equipment assets. AAM's founding investors are certain business development companies managed by affiliates of Blue Owl Capital Inc. (NYSE: OWL), an industry-leading investment manager. AAM has a seasoned management team that has worked together in several predecessor companies through many business cycles and is dedicated to providing attractive returns for investors and quality asset management to our lessees.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/amergin-asset-management-announces-entry-into-450-million-credit-facility-301985213.html

SOURCE Amergin Asset Management

Keep reading