EGL SECURES $150 MILLION IN LOANS

EGL SECURES $150 MILLION IN LOANS    EGL, Inc., the fast-growing forwarding and logistics group that acquired Circle International last July, announced that it has obtained a three-year $150-million line of credit from a syndicate of banks led by Bank of America, N.A.
   The financing provides capital for future expansion, investments, working capital needs and acquisitions, EGL said.
   Bank of America Securities, LLC served as the sole lead arranger and book manager on this financing.    Co-agents in the transaction included SouthTrust Bank and The Bank of Tokyo-Mitsubishi, Ltd. Other participants included Credit Lyonnais, Wells Fargo Bank Texas, N.A., The Northern Trust Co., BNP Paribas and Bank Hapoalim B.M.
   Houston-based EGL, Inc. operates under the name EGL Eagle Global Logistics and had revenues in 2000 of over $1.8 billion. It acquired Circle last year for about $540 million in EGL stock.