Rand Logistics has successfully completed a $525 million refinancing to support its strategic growth initiatives. The refinancing was led by PNC Bank N.A. and aims to enhance the company's financial flexibility and liquidity.
Amount Raised
$525 Million
Round Type
Funding Round
Jersey CityTransportationLogisticsInvestors
Description
Rand Logistics, Inc. announced the successful completion of a $525 million credit facility through its subsidiary. The refinancing will support ongoing investments in fleet maintenance and positions the company for larger-scale strategic initiatives. This facility enhances the company's financial flexibility and ensures it can meet growing customer needs
Quick answer
Rand Logistics raised $525 Million in a Funding Round round, dated April 2, 2025. Investors: PNC Bank, N.A. Rand Logistics is based in Jersey City, New Jersey, United States.
- How much did Rand Logistics raise?
- Rand Logistics raised $525 Million in a Funding Round round on April 2, 2025.
- Who invested in Rand Logistics?
- PNC Bank, N.A. is named as investors in this round.
- What does Rand Logistics do?
- Rand Logistics, Inc. is a leading provider of bulk freight shipping services throughout the Great Lakes region.
- Where is Rand Logistics based and how big is it?
- Rand Logistics is based in Jersey City, New Jersey, United States. Fundz records about 500 employees.
- Who are the decision-makers at Rand Logistics?
- Fundz holds 3 contacts at Rand Logistics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Logistics around the same time
Companies in the same sectors as Rand Logistics that raised within 45 days of this round, from Fundz verified event records.
- Fyn Mobility raised $2.5M (Seed) on May 17, 2025.
- Flock Freight raised $60M (Series E) on May 14, 2025.
- Tobin Scientific raised $65M (Funding Round) on May 12, 2025.
- Impulse Space raised $295M on May 9, 2025.
- Routematic raised $40M (Series C) on May 7, 2025.
- Freight Technologies raised $1M (Seed) on May 2, 2025.
Who to call at Rand Logistics, and when
A new round usually means Rand Logistics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Rand Logistics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rand Logistics, from your own LinkedIn network
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Related People
Rand Logistics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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