Celadon receives filing deadline extension
INDIANAPOLIS, IN - Celadon Group is over a year behind on filling its quarterly and annual reports with the Securities and Exchange Commission (SEC). The group announced that it has received an extension from the New York Stock Exchange (NYSE), subject to review on an on-going basis, that allows the company to take until May 2, 2018 to file the documents with the SEC.
Celadon refinancing amid SEC investigation
INDIANAPOLIS, IL - The Celadon Group continues to restructure its assets in an attempt to create more liquidity, while it is being investigated by the Securities and Exchange Commission (SEC). The company, which owns Celadon Trucking and Celadon Logistics, as well as other subsidiaries, announced this morning that as part of the continuing implementation of its new strategic plan, it has refinanced its revolving credit and extended equipment leases that were maturing in 2018. Celadon's short-term revolving credit restructuring was done through Bank of America, and has a maturity date at the end of fiscal 2017. In addition it received US $22.6 million in equipment term loans secured by existing tractors and trailers used in their Hyndman subsidiary.