Kirkland Advises Kinderhook-Backed Compactor Rentals of America on $385 Million Securitization Marking the First in the Waste Compactor & Baler Leasing Sector
Kirkland & Ellis represented Kinderhook Industries-backed Compactor Rentals of America, a leading provider of waste compaction solutions, specializing in compactor and baler leasing programs across the U.S., on its securitization with over $300 million funded at closing. The securitization recapitalizes CRA’s balance sheet and establishes a scalable, long-term source of capital to support the company’s continued growth. The securitization refinances CRA’s existing indebtedness and introduces a dedicated, lower-cost source of long-term capital. In addition to amounts funded at closing, the facility includes incremental committed delayed-draw and variable funding capacity that the company can access to fund fleet expansion and future acquisitions, providing CRA with significant flexibility to continue executing its growth strategy.
Read the transaction press release
The Kirkland team included structured finance lawyers Chirag Domadia, Michael Urschel, Jeff Zhou, Emma Tall and Kelli Johnson; debt finance lawyers Yongjin Im, Justin Greer, Samin Sekandar, Qingrong Ruan and Georges Melkon; corporate lawyer Tom Marbury; employee benefits lawyer Jack Bernstein; investment funds ERISA lawyers Ted Brown and Offi Ekah; technology & IP transactions lawyers Daisy Darvall and Kyla Risko; tax lawyers Richard Husseini, Ben Schreiner, Jon Nelsen and Karissa Leffingwell; litigation lawyer Nick Niles; environmental transactions lawyers Jon Kidwell and Mary-Michael Robertson; and capital markets lawyer Leia Andrew.
