CMC Railroad, which provides rail switching, railcar storage, and related rail services to tenants and customers at Gulf Inland Logistics Park in Dayton, Texas, announced the closing of an $87.9 million credit facility with Bank of Texas, a division of BOK Financial.
The facility refinances CMC Railroad’s existing indebtedness and provides additional financial capacity to expand its rail infrastructure, storage capacity, and operations at Gulf Inland Logistics Park.
The new credit facility with Bank of Texas positions CMC Railroad to undertake a significant expansion of its operations at Gulf Inland, including the planned addition of approximately 1,100 railcar storage spaces, bringing the total to 2,000. The financing also provides flexibility to invest in track infrastructure, transload facilities, and other railroad improvements necessary to support growing demand from tenants and customers.
Phase One welcomed seven anchor tenants to the park, generating more than 400 new jobs and approximately $250 million in capital investment within the Dayton area. As development moves into Phase Two, continued investment in the park’s infrastructure and rail capabilities will support future tenant growth and further strengthen the site’s position as a key logistics and industrial hub.
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