Centerline Logistics Announces $425 Million Debt Refinancing

2 minute read | December.22.2023

Centerline Logistics, a leading maritime transportation provider, has completed a $425 million refinancing of its outstanding debt. Beal Bank led the transaction, which involved the participation of new and existing investors.

Orrick advised Centerline.


Centerline Logistics is a leading provider of marine transportation services in the United States, with operations along the U.S. West Coast (including Alaska and Hawaii), U.S. East Coast (including Puerto Rico) and the U.S. Gulf Coast.

Services provided include the transportation and storage of legacy petroleum products and modern alternative fuels. Centerline Logistics is dedicated to providing excellent customer service and maintaining its obligations to employees, shareholders, its community and the environment.


This new credit facility will provide Centerline with enhanced financial flexibility and resources to continue pursuing its long-term strategic objectives. Notably, the new funding will also support the growth of Centerline’s energy transportation business for both traditional and carbon-neutral fuels, solidifying its commitment to sustainability and environmental responsibility and demonstrating its leadership in the maritime industry’s transition towards an eco-friendlier future.

“We are delighted to have concluded this refinancing, marking a significant milestone in Centerline’s ongoing transformation,” stated Matt Godden, CEO of Centerline Logistics. “This new credit facility will equip us with the financial stability and flexibility necessary to continue growing and delivering exceptional value to our customers, employees, and shareholders, while also propelling our journey towards carbon-neutral energy transportation.”


Leah Sanzari led the Orrick team that advised Centerline. The team also included Thomas Mitchell, James Larkin, John Narducci, Emin Guseynov, Stephen Jackson, Alan Knoll, Gaelyn Sharp, Elizabeth Elias, Catalina Bravo, Alexander Radisich, Romina Montellano Yoerg, Dennisse Calle and Teah Marcelo.


Centerline Logistics

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