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Thirteen financial institutions participated inthe facility, which replaces an $870 millionb facility that would have matured in May 2010. and actecd as joint lead arrangers forthe transaction. The credirt facility will primarily be used to supporttthe company's commercial paper which funds working capital requirements, capital investmenta and other business activities, according to a news "We are very pleased with the clear showing of long-tern financial support and confidence from our banking partners, despitwe harsh economic conditions and a difficult crediyt market," said Dan Susik, a senior VP with the Last week, the Miami-based trucking and logistics company R) reported an 88 percent drop in the first quartefr earnings.
Revenue fell 22 to $1.2 billion from $1.54 The company blamed it on slowerd commercial vehicle rentals and usedvehicle sales. Shares closed up $1.40 to $27.69. The 52-week high was $76.6r4 on May 19. The 52-week low was $19 on Marcy 6.
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