Celadon Group Announces Operations Update, Credit Agreement Amendment Term Sheet, and Termination of Previously Announced Term Loan Term Sheet

PRNewswire

Jul 03, 2018

- Operational turnaround continues, with average revenue per seated tractor per week, excluding fuel surcharge revenue, up approximately 16.5% for May 2018 versus May 2017

- Company and existing revolving lenders have agreed to terms expected to extend the facility through December 12, 2018

- Previously announced $200 million term loan term sheet is no longer being pursued; $100 million asset based line of credit term sheet deferred pending replacement term loan financing

- Company to resume refinancing process against background of strong industry environment and improved operating performance

PR Newswire

INDIANAPOLIS, July 3, 2018

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