MidCap Financial provided a $60 million senior revolving credit facility to Celadon Group, a North American transportation company that provides full-truckload freight services across the U.S, Canada, and Mexico.
The MidCap credit facility, in conjunction with Celadon’s new $165 facility agented by Bank of America for a lender syndicate that includes Wells Fargo and Citizens Bank, refinanced the company’s prior credit facility to facilitate the company’s long-term growth and provide for the company’s working capital needs.
