New Enterprise Stone & Lime Co., Inc. Completes Refinancing of its Asset Based Loan

August 4, 2017

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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

Category: General