General Finance expands credit facility by $20 million, adds borrower

By Marisa Wong

Madison, Wis., Jan. 6 – General Finance Corp. subsidiaries Pac-Van, Inc., Lone Star Tank Rental Inc. and GFN Realty Co., LLC amended the amended and restated credit agreement dated April 7, 2014 to increase the senior credit facility to $220 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Jan. 6, increased the credit facility by adding a $20 million real estate sub-facility and added GFN Realty as a borrower.

The amendment also allows the borrowers to acquire real estate as collateral under the senior credit facility and increases the permitted acquisitions basket to $60 million from $30 million.

Wells Fargo Bank, NA is the agent under the credit agreement.

Based in Pasadena, Calif., General Finance is the parent company of businesses in the mobile storage, liquid containment and modular space industries.

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