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COMPETITION WATCH: TransForce secures financing

MONTREAL, Que. -- TransForce has secured $650 million in financing which it said it will use "for corporate pu...


MONTREAL, Que. — TransForce has secured $650 million in financing which it said it will use “for corporate purposes consistent with its established strategy.”

Canada’s largest trucking company secured the financing from 15 lenders, led by National Bank of Canada and Royal Bank of Canada. It includes a $200 million five-year term loan and a $450 million revolving line of credit, the company announced.

TransForce has aggressively grown through acquisitions in the years preceding the economic downturn.

 

 


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