GloTrade — Global Trade DevelopmentGLOTRADEGLOBAL TRADE DEVELOPMENT
LiveGT-2026-006· Listed May 2, 2026

Texas–Mexico Cross-Border Rail Logistics

Senior secured working-capital facility for nearshoring-driven intermodal volumes Laredo↔Monterrey.

United States · North America Logistics & Infrastructure Trade Finance Facility Closes Dec 15, 2026
Raise Target
$90.0M
Committed
$36.0M
Min Ticket
$1.0M
Target Return
9.5% net yield (USD)
Horizon
3–5 yrs (revolving)
40% subscribed · $54.0M remaining

Executive Summary

A revolving trade finance facility supporting cross-border intermodal rail operations between Texas and Northern Mexico. Backed by receivables from blue-chip nearshoring shippers; 1st-lien on rolling stock and assigned customer contracts.

Investment Thesis

  • Nearshoring lifted Laredo crossings 31% in 24 months — capacity remains constrained.
  • Investment-grade shipper receivables enable senior secured structure.
  • Short tenors and revolving design provide capital discipline.

Use of Funds

Receivables financing70%
Rolling stock lease prepayment20%
Reserve account10%

Financial Snapshot

Coupon
SOFR + 425 bps
Advance rate
85% of eligible AR
Loss coverage (base)
8.4x

Transaction Structure

USD 90M senior secured revolver; minimum ticket USD 1M; quarterly distributions; 3-yr commitment, 2-yr extension.

Risk & Mitigation

Key Risks
  • · US-Mexico trade policy
  • · Single-corridor concentration
  • · Customer concentration
Mitigants
  • USMCA review window passed
  • Diversification covenant — no shipper >18%
  • Investment-grade obligor floor

Timeline & Milestones

  1. 2025 Q4
    Facility launched
  2. 2026 Q2
    First tranche drawn
  3. 2026 Q4
    Second close (Deal Room)

Sponsor

Lone Star Intermodal Partners LP

Lone Star Intermodal operates 1,200+ km of dedicated capacity and has financed over USD 600M of intermodal receivables since 2018.

ESG & Impact

  • Modal shift saves ~62% CO₂ vs trucking
  • Driver-safety standard for Mexican lanes
  • Border-community jobs program

Data Room

Facility Overview
PDF · 16 pp
Borrowing Base Report
XLSX
Verified Access
Credit Memorandum
PDF
Verified Access

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