HUB GROUP COMPLETES AMENDED FINANCING
Hub Group Inc., based in Lombard, Ill., has amended its debt agreements that provide secured creditor status to its bank group and noteholders.
The amendments contain more favorable covenant levels for Hub in both debt agreements, providing “financial flexibility … as we execute our plans,” said David P. Yeager, vice chairman and chief executive officer of Hub Group.
Hub is a non-asset based freight transportation management company providing intermodal, truckload, less-than-truckload, rail and air freight, along with logistics and distribution services, with 2001 sales of about $1.3 billion.
