Daily News: September 24, 2012

Capital One Closes Facility for New Century Transportation


Capital One Bank announced it closed a five-year $60 million revolving credit and term loan facility for New Century Transportation, a transportation and logistics company. Proceeds of the facility were used to refinance existing debt and to fund ongoing working capital needs.

“We are thrilled to have Capital One Bank serve as the lead arranger, administrative and collateral agent for this deal given the bank