Jerome L. Taylor Trucking closes $75 million debt deal

Jerome L. Taylor Trucking has closed a $75 million syndicated credit facility led by Flagstar Bank and supported by WesBanco. The financing will help fund a planned materials recovery facility and solid waste transfer station as the Washington, D.C.-based hauler expands across the region.

Why it matters: - The $75 million financing gives Jerome L. Taylor Trucking new capital to build recycling and waste infrastructure in the Washington metropolitan area. - The deal supports facilities that could expand processing capacity and strengthen the company’s regional footprint. - The financing also backs growth plans tied to commercial, industrial and government waste customers across D.C., Maryland and Virginia.

What happened: - Jerome L. Taylor Trucking, Inc. closed a $75 million syndicated credit facility on July 31, 2026. - Flagstar Bank, N.A. led the transaction as Administrative Agent and Lead Arranger. - WesBanco Bank, Inc. participated in the financing. - The company announced the closing on October 8, 2026.

The details: - The financing will support construction of JLT’s planned 50,000-square-foot materials recovery facility. - The credit facility will also fund other growth initiatives and strategic projects, including a planned solid waste transfer station. - The recycling facility is designed to use advanced sorting and baling technology and process up to 50 tons per hour. - The solid waste transfer station is expected to offer 24-hour access and handle up to 2,000 tons per day. - JLT says the projects are intended to strengthen regional waste and recycling infrastructure. - WesBanco’s role extends a banking relationship with JLT that spans more than 20 years. - Flagstar described itself as one of the largest regional banks in the country.

Between the lines: - The financing signals lender confidence in JLT’s growth plan and the economics of building out waste-handling infrastructure in the region. - Jerome L. Taylor said the deal advances a long-running family vision that began with his father in 1970. - The company’s expansion plan fits a broader push toward more modern recycling, transfer and collection operations.

What's next: - JLT plans to move forward with construction of the materials recovery facility and solid waste transfer station. - The company expects the new assets to support continued expansion and create opportunities for employees. - JLT will continue serving commercial, industrial and government customers with front-load, rear-load and roll-off collection, compactor service, single-stream recycling, construction and industrial waste services, and technology-enabled customer service and collection verification.

The bottom line: - Jerome L. Taylor Trucking has locked in major financing to build the infrastructure behind its next phase of growth.