Quality Distribution (QLTY) Revolver Increased to $350 Million
Tweet Send to a FriendGet Alerts QLTY Hot Sheet
Trade QLTY Now!
Quality Distribution, Inc. (Nasdaq: QLTY) today announced that Quality and its wholly-owned subsidiary, Quality Distribution, LLC ("QD LLC") increased the maximum borrowing capacity under its senior secured asset-based revolving credit facility (the "Revolver") from $250 million to $350 million.
The increase was effectuated through an Amendment to the Revolver. The Amendment increases the maximum borrowing capacity, subject to certain conditions, through the Revolver's accordion feature, and adjusts the borrowing base and certain availability-based rights and obligations under the Revolver. The maturity, interest rate and other material terms and conditions of the Revolver remain the same.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The increase was effectuated through an Amendment to the Revolver. The Amendment increases the maximum borrowing capacity, subject to certain conditions, through the Revolver's accordion feature, and adjusts the borrowing base and certain availability-based rights and obligations under the Revolver. The maturity, interest rate and other material terms and conditions of the Revolver remain the same.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Senate Takes Aim at Apple (AAPL); Says Irish Unit Earned $22B, Paid $10M in Taxes
- DXP Enterprises (DXPE) Completes Acquisition of Tucker Tool
- SkyWest (SKYW), United (UAL) Enter CPA for 40 E175s
Create E-mail Alert Related Categories
Corporate NewsLogin with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Up)