National Semi-Truck Corp
P&M Corporate Finance was retained to evaluate the strategic alternatives available to National Semi Trailer Corp. (“NSTC”), a leasing company that serves the trucking and automotive industry's need for truck-trailer rental, lease, sales, maintenance, and repair services. Headquartered in Orlando, Florida, NSTC operates a network of 15 branch locations strategically located throughout the country's major commerce centers and transportation hubs. P&M Corporate Finance obtained a $70 million credit facility; comprised of a $60 million senior credit facility arranged by GE Commercial Finance and a second lien facility or Term B facility totaling $10 million provided Goldman Sachs’ Merchant Banking Division. As a result NSTC was able to replace its existing financing and obtain capital for future growth opportunities.
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