Overland Express unveiled a financing agreement.
The Indianapolis-based freight-service company said it has executed commitments for up to $23 million to refinance a portion of its existing senior debt and to provide for ongoing working capital needs. Overland, an irregular-route, full truckload common carrier of general commodities with 48-state operating authority, has expanded its freight services in the California and Texas markets by utilizing the Los Angeles, Dallas and Houston facilities of its privately held affiliate, Continental Training Services, the nation’s largest truck driver training and heavy-equipment operator school.
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