Celadon amends, increases revolving credit facility to $100 million

By Aleesia Forni

Columbus, Ohio, Aug. 31 - Celadon Group, Inc. amended and restated its five-year revolver, increasing the credit facility to $100 million, according to a company press release.

The facility matures on Aug. 29, 2016, bearing interest at Libor plus 75 basis points.

Bank of America NA is the lead arranger, while Wells Fargo Bank NA will continue to participate in the facility.

"The facility should provide the company with increased liquidity and flexibility to continue to execute on our business plan," president and chief operating officer Paul Will stated in the press release.

Celadon Group is an Indianapolis, Ind.-based full-truckload freight services company.

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