Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altivity Packaging, LLC > News item |
Genesee & Wyoming to use revolver borrowings to fund acquisition
By Tali Rackner
Norfolk, Va., Aug. 15 – Genesee & Wyoming Inc. plans to use borrowings under its revolving credit facility to fund the roughly $126 million acquisition of Providence and Worcester Railroad Co., according to a notice.
As of June 30, there was roughly $542 million of available capacity under the revolver.
Genesee & Wyoming is a Darien, Conn.-based owner and operator of short line and regional freight railroads.
© 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.