NEW ENTERPRISE, Pa.–(BUSINESS WIRE)–New Enterprise Stone & Lime Co., Inc. (the “Company”) has completed the refinancing of its Asset Based Loan. The refinancing extends the maturity of the ABL, reduces the borrowing margins by up to 1%, provides for greater advance rates and contains a seasonal overdraft feature. These changes should provide the Company with additional liquidity and financial flexibility to operate the business. Paul I. Detwiler, III, President and CEO of the Company stat
