ING Capital Approves Funding for Long Beach Terminal Upgrades

[By ING Capital LLC]

ING Capital LLC today announced the closing of $424 million in credit facilities for International Transportation Service (ITS), to support a significant terminal redevelopment that will expand yard capacity by 50% and electrify its current fleet. ITS is a container terminal operator owned by a Macquarie Asset Management (MAM) managed vehicle at the Port of Long Beach within the San Pedro Bay complex in Southern California.

ING Capital LLC acted as the Administrative Agent, Joint Lead Arranger, Sole Taxable Debt Bookrunner, and Joint Sustainability Coordinator for ITS’ $424 millio…