C.H. Robinson uses amended $900 million revolver to buy Freightquote

New York, Jan. 5 – C.H. Robinson Worldwide Inc. said it drew on an amended $900 million five-year revolving credit facility to fund its acquisition of Freightquote.com, Inc. for $365 million in cash.

The amendment increased the size of the bank debt to allow for the purchase, which C.H. Robinson announced on Monday had been completed.

C.H. Robinson is a non-asset-based third-party logistics company based in Eden Prairie, Minn. Freightquote is a freight broker for less-than-truckload, truckload and intermodal services.

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