Daily News: October 29, 2013

BofA Business Capital Provides ABL to TSE

Bank of America Business Capital announced it provided a new $30 million credit facility to Transportation Solutions Enterprises. Proceeds will be used to refinance existing indebtedness and for future working capital needs.

Transportation Solutions Enterprises features a comprehensive portfolio of companies including a top-tier brokerage (TSG), a nationwide truckload carrier (F/X), a contract logistics management provider (3PLogic), world-class warehousing (Defined Logistics) and an intermodal company with more than five generations of experience (The Treppel Group). Together, the TSE companies offer a complete suite of transportation services designed to maximize value for shippers and carriers alike.