Press Releases

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)

BOCA RATON, Fla., Sept. 20, 2023 /PRNewswire/ — Amergin Asset Management (AAM) today announced that Amergin Rail, a portfolio company of certain funds managed by AAM, has acquired PNC Bank’s operating railcar portfolio. The purchase included more than 6,000 railcars under management, which are under lease to a variety of companies across the US. PNC will continue to provide traditional financing products and services to the rail and transportation industry. “This acquisition is consistent with our goal of acquiring attractive transportation assets that will deliver stable risk-adjusted returns for our