Pacer negotiates new loan
Intermodal company Pacer International Inc. said it has reached a new credit agreement with a syndicate lenders led by Bank of America.
The $125 million revolving loan, with a feature that offers an increase of up to $50 million subject to certain conditions, “gives us the liquidity to support our long-term commitment to be the best-in-class provider of door-to-door intermodal service,' said Brian C. Kane, executive vice president and chief financial officer.
Pacer said the amended agreement does not change the original maturity date of April 5, 2012.
Pacer negotiates new loan
