Global freight forwarder Seko Logistics said Thursday it has entered a recapitalization agreement with its financial partners to cure its balance sheet.
Financial terms of the transaction were not disclosed, but the deal is a “landmark transaction” that will stabilize the company and allow it to focus on its “long-term growth trajectory,” a news release said.
“The ongoing freight recession has impacted the entire market, and by proactively addressing our balance sheet, we will be at the forefront...
https://www.freightwaves.com/news/seko-logistics-gets-capital-infusion