December 13, 2024
Weil advised American Securities and its portfolio company LaserShip, Inc. (d/b/a OnTrac Final Mile) (“OnTrac”) in its comprehensive financing and exchange transaction that included a new senior secured term loan and revolving facility, extended debt maturities and other liquidity enhancements. The liquidity created by the transaction enables OnTrac to advance operational and growth initiatives, strengthen its financial profile and continue its expansion as the only last-mile alternative to the national carriers.
OnTrac is the largest last-mile delivery company in the U.S. outside of the national carriers and a provider of last-mile same-day and next-day delivery services for e-commerce retailers and product-supply shippers.
The Weil deal team was led by Banking & Finance Co-Head Andrew Colao and Restructuring partner Kevin Bostel, and included Banking & Finance partner Jacqueline Oveissi and associates Christina Ramos, Adam Bernstein, Alison Freudman, Erik Zimmerman and Katharine Pacoli and Restructuring associates Andrew Clarke, Jordan Rosman, and Joe Silber; Private Equity partner Jenna McBain and associates James Pierre-Louis, Matt Tobolski and Ben Weinstein; Structured Finance Head Frank Nocco, counsel Jeffrey Dawidowicz and associate Joel Hutman; Litigation partner Evert Christensen and associate Honghu Wang; and Tax partner Jonathan Macke and associate Dylan Lionberger.