- Russian steelmaker Evraz Inc. NA secured a four-year revolving credit facility for its Canadian operation worth $287 million. The company received the asset-based loan by putting Canadian inventories, receivables and operating subsidies up for collateral. GE Capital Markets, along with UBS, ING, Natixis and Deutsche Bank, all organized the closing of the credit facility deal.
- Over the last two months, the Greenbrier Companies received orders for 4,700 new railcars and refurbishment for 1,100 old railcars. The most recent order — $200 million in railcars for the European market — will be completed over the next year and a half. The order calls for 2,250 double-stack intermodal platforms, 500 covered hopper cars and 250 extra cars provided by the Lake Oswego supplier of transportation equipment and railroad industry services.
- Maryland real estate investment trust Pebblebrook Hotel Trust announced a deal for $56 million to purchase one of Portland’s hotels. The exact hotel has not been announced, but the trust has purchased some Kimpton hotels in the past months. Portland’s Hotel Monaco and Hotel Vintage Plaza both belong to the line of Kimpton hotels.
- The National Oceanic and Atmospheric Administration awarded David Evans and Associates a three-year $30 million contract. It is the fourth contract awarded by NOAA to DEA. Under the new contract DEA will furnish NOAA with light detection, ranging hydrographic surveying and related services across the nation.
- Portland-based Blount International sold its Gear Products subsidiary in Tulsa for $25 million in cash to Tulsa Winch. Gear Products makes mechanical power transmission components for equipment manufacturers working in utility, construction, forestry, marine and mining. The purchase includes 60 employees located in Oklahoma.