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Celadon Group has announced that it has refinanced its former revolving credit facility and obtained $165 million in new financing.
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The former CFO and two other former executives of Roadrunner Transportation Systems have been charged with accounting fraud by the Securities and Exchange Commission for manipulating the company’s financial results to meet earnings targets and projections.
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Financially embattled Celadon Group announced that it has made another step toward refinancing the company, as it continues to restructure while under investigation by the Securities and Exchange Commission.
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The Celadon Group continues to restructure its assets in an attempt to create more liquidity, while it is being investigated by the Securities and Exchange Commission.
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