County Line Rail secures financing from specialist bridge-provider Growth Lending

The bridge loan will accelerate County Line Rail’s acquisition of the Sabine River & Northern Railroad.

County Line Rail, a privately owned rail operator that specialises in switching, storing, transloading and cleaning and maintenance of railcars has secured a bridge loan from the specialist bridge-funder Growth Lending.

The investment enables County Line Rail’s acquisition of a 40-mile shortline railroad in East Texas, which will be revitalized under CLR’s ownership, with an upgrade to Class II standards and the alleviation of rail congestion in the area.

Speaking of the deal, Jake Rucker, Vice President of County Line Rail, said: “The bridge loan from Growth Lending has enabled us to accelerate our acquisition plans and move forward with the exciting next phases of this project. Keith and the Growth Lending team have worked hard to understand the business and the role this acquisition plays in our broader strategy and we are grateful for their support.”

Keith Kirkland, Senior Vice President of Sales at Growth Lending, said: “It has been a pleasure to work with the County Line Rail team on this strategic and important acquisition that will expand rail capacity in Texas. Our facility offers bridge financing until County Line secures a permanent solution. This deal is therefore a great example of how bridge facilities can have a transformative impact on a business’ growth, enabling them to move quickly and decisively forward with key projects.”