Heartland Express, Inc.

NASDAQ:HTLD   12:44:17 PM EDT
14.63
+0.41 (+2.88%)
Debt Financing / Related

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

Published: 08/22/2022 12:42 GMT
Heartland Express, Inc. (HTLD) - 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.