Great Lakes to draw on existing facility for purchase of dredging equipment

By Sara Rosenberg

New York, Oct. 24 - Great Lakes Dredge & Dock Corp. plans to use borrowings under its senior credit facility, along with cash on hand, to fund the $25 million acquisition of dredging equipment from Dragaport Ltda., according to a company news release.

Great Lakes is an Oak Brook, Ill.-based provider of dredging services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.