Pacer repays $3 million of bank debt this week

By Sara Rosenberg

New York, Feb. 4 - Pacer International Inc. repaid $3 million of debt on Tuesday bringing total long-term debt under its senior credit facility to $211 million, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Because of the company's voluntary bank loan prepayments, no required payments will be due under the facility until Dec. 31, 2005.

Pacer is a Concord, Calif., third-party logistics and freight transportation provider.

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