AgMotion Secures $60 Million In Senior Debt Financing From U.S. Bank
MINNEAPOLIS (Mar. 15, 2019) – AgMotion, Inc., a physical commodity trading and risk management firm based in Minneapolis, MN announced it closed a new $60 million senior secured revolving credit facility with US Bank (NYSE:USB). This facility replaces an existing $52 million facility also with US Bank.
“This increase will further strengthen our capital position to support increased volume in our Terra Ingredients organic and non-GMO business while comfortably allowing for growth in our other operations”, said Rolf Peters, President and CEO of AgMotion. “We are very pleased to continue to partner with US Bank as we develop new opportunities.”
“U.S. Bank and AgMotion have a long-standing relationship, and we are pleased to continue the relationship through this new credit facility,” said John Behan, U.S. Bank National Portfolio Manager and Chief Credit Officer, Asset Based Finance.
