Celadon Group Secures $50 Million Credit Facility

September 29, 2005 4:30 PM, EDT

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ruckload carrier Celadon Group said Thursday it gained a $50 million five-year, unsecured revolving credit facility it will use to refinance and provide working capital for its operations and general corporate purposes.

The credit, from LaSalle Bank, Fifth Third Bank and JPMorgan Chase Bank, is available for borrowings under the new facility as the carrier said it had no borrowings outstanding from its previous credit facility.

Celadon is ranked No. 55 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.