Forward Air amends revolver to lift permitted capital expenditures

By Jennifer Chiou

New York, May 21 - Forward Air Corp. amended its $150 million senior unsecured revolving credit facility by, among other things, increasing permitted capital expenditures to $50 million from $25 million, according to an 8-K filing with the Securities and Exchange Commission.

The company and certain subsidiaries entered into the five-year facility in February 2012 with Bank of America, NA as administrative agent.

The Greeneville, Tenn., company provides surface transportation and related logistics services to the North American air freight.

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