Weil Provides Strategic Guidance to American Securities and OnTrac in Major Financial Transaction
December 14, 2024 - 15:33
Weil has successfully advised American Securities and its portfolio company, LaserShip, Inc., known as OnTrac Final Mile, in a significant financing and exchange transaction. This comprehensive deal involved the establishment of a new senior secured term loan and a revolving facility, aimed at bolstering the company's financial stability.
The transaction also included the extension of debt maturities, providing OnTrac with enhanced liquidity options to navigate the evolving market landscape. These strategic adjustments are expected to strengthen OnTrac's operational capabilities and support its growth initiatives in the competitive final mile delivery sector.
The collaboration between Weil and American Securities reflects a commitment to ensuring robust financial structures that can withstand market fluctuations. As OnTrac continues to expand its services, this financing arrangement is poised to play a crucial role in facilitating its long-term objectives and enhancing service delivery to customers across various regions.
MORE NEWS
July 6, 2026 - 17:52
COVID Tax Returns: Are you eligible to get them and what is the deadline to apply for them?Millions of Americans may still be owed money from COVID-era tax credits, but claiming those funds requires action before a looming deadline. The Internal Revenue Service has been notifying...
July 5, 2026 - 17:25
Campaign finance ruling could tighten ties between donors, parties and candidatesMADISON, Wis. - The U.S. Supreme Court this week removed federal limits on how much money national political party committees can spend in direct coordination with their candidates, a decision that...
July 5, 2026 - 00:20
1 Unstoppable Stock to Buy Before It Joins Google, Apple, Microsoft, and Nvidia in the $3 Trillion ClubTaiwan Semiconductor Manufacturing Company, better known as TSMC, is quietly positioning itself to join the most exclusive club in the stock market. Right now, only four companies have reached a...
July 4, 2026 - 02:50
Is Inter & Co, Inc. (INTR) A Good Stock To Buy Now?A bullish thesis on Inter & Co, Inc. recently appeared on the Emerging Value Substack, drawing attention to the stock`s potential. As of June 29th, shares of INTR were trading at $5.38, with a...