TRAC Intermodal unit increases asset-backed revolver to $950 million

By Angela McDaniels

Tacoma, Wash., Aug. 2 - TRAC Intermodal LLC subsidiary Interpool, Inc. obtained $40 million of additional revolving commitments under its asset-backed credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

As a result, the total revolving commitment is $950 million.

The company received a $25 million commitment from SunTrust Bank as a new lender and a $15 million commitment from Capital One Leverage Financial Corp. as an existing lender.

The additional commitments were received on Wednesday.

JPMorgan Chase Bank, NA is the administrative agent.

TRAC is a Princeton, N.J.-based provider of marine and domestic chassis.

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