Flatbed truckload provider Daseke (NASDAQ: DSKE) announced Wednesday it has favorably refinanced its term loan. The transaction lowers the outstanding balance, reduces annual interest payments and extends the maturity.
The $484 million loan was paid down to $400 million with available cash on hand and the maturity has been extended by four years to March 2028. The new loan has an interest rate of LIBOR plus 400 basis points, 100 bps lower than the previous loan. The interest rate floor was also...
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