Celadon amends credit facility to be able to sell equity interests

By Marisa Wong

Madison, Wis., May 27 – Celadon Group, Inc. entered into a first amendment to its amended and restated credit agreement on May 26, according to an 8-K filing with the Securities and Exchange Commission.

The amendment allows the company to issue and sell its equity interests as long as no event of default will result and provided the issuance or sale does not obligate the company to purchase, redeem, retire or otherwise make any payment for the equity interests or otherwise create additional debt.

The company entered into the credit agreement on Dec. 12 with Bank of America, NA as administrative agent, swingline lender and letter-of-credit issuer and Wells Fargo Bank, NA and Citizens Bank, NA as lenders.

The Indianapolis-based company provides long-haul, full-truckload freight service across the United States, Canada and Mexico.

© 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.