U.S. Xpress Enterprises Announces Amendment to Credit Facility
U.S. Xpress Enterprises, Inc. Class A (USX)
Last u.s. xpress enterprises, inc. class a earnings: 4/30 06:25 am
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Source: Business Wire
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.Eric Peterson, Chief Financial Officer, commented, “Given the persistently soft truckload market conditions that we have experienced this year, we proactively approached our lenders to amend the financial covenants under our primary credit facility. Although an amendment may not have been required at this time, we believe it was prudent to gain additional flexibility to operate our business in the normal course and continue to invest in the future. We are pleased to have the ongoing support of our lenders, and we remain confident in our strategy and business initiatives.”The amendment, among other things, contains the following new financial covenant requirements:Quarter Ending Quarter Ending Quarter Ending Quarter EndingSeptember 30, 2019 December 31, 20
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