Virginia Explosives gets $16 million senior secured credit facility

By Devika Patel

Knoxville, Tenn., Oct. 20 – Virginia Explosives & Drilling Co. obtained a $16 million senior secured credit facility, according to a press release from lender Great Rock Capital.

The facility includes a term loan as well as a revolver.

The increased borrowing capacity provides Virginia Explosives with additional liquidity to execute on its short and long-term growth objectives.

Based in Vansant, Va., the company delivers contract drilling and blasting services for the coal mining, quarry and construction industries.

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