Old Dominion Freight Line increases revolving facility to $300 million

By Angela McDaniels

Tacoma, Wash., Sept. 12 – Old Dominion Freight Line, Inc. amended its senior revolving credit facility on Friday to increase the aggregate commitments from existing lenders to $300 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The company will continue to use the revolver for working capital, the issuance of letters of credit and general corporate purposes.

Wells Fargo Bank, NA is the administrative agent.

Old Dominion is a less-than-truckload motor carrier based in Thomasville, N.C.

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