XRG Inc. Gains $10 Mln. in Credit Financing

ruckload holding company XRG Inc. said Tuesday it received a credit facility of up to $10 million from Capco Financial.

XRG said the money would allow it to significantly reduce financing costs, administrative costs and to expedite cash flow.

“The agreement should enable us to reduce our financing costs by approximately $500,000 over the next 12 months and could improve cash flow up to $1 million annually,” said Don Huggins, XRG’s chairman.