Brief: Heartland Express To Acquire Contract Freighters Truckload Business For $525 Million

Heartland Express

22/08/2022 13:39

Aug 22 (Reuters) - Heartland Express Inc  HTLD.O :
    * HEARTLAND EXPRESS TO ACQUIRE CONTRACT FREIGHTERS TRUCKLOAD
BUSINESS FOR $525 MILLION
    * HEARTLAND EXPRESS TO ACQUIRE CONTRACT FREIGHTERS TRUCKLOAD
BUSINESS FOR $525 MILLION
    * HEARTLAND EXPRESS INC- TRANSACTION IS EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO EARNINGS EXCLUDING TRANSACTION COSTS
    * HEARTLAND EXPRESS - TRANSACTION VALUE ANTICIPATED TO BE
FUNDED
WITH EXISTING CASH AND BORROWING UNDER NEW $550 MILLION
REVOLVING AND TERM LOAN AGREEMENT
    * HEARTLAND EXPRESS INC- CFI TO CONTINUE UNDER ITS EXISTING
BRAND,
MANAGEMENT, AND TERMINAL LOCATIONS

Source text for Eikon:  ID:nGNX4Slcnw 
Further company coverage:  HTLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))