Do not lease through Celadon go where you can find your on loads

Discussion in 'Celadon' started by BITTYTHE-KNIGHTRIDER, Sep 9, 2015.

  1. Mr. Jackhole

    Mr. Jackhole Medium Load Member

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    Mar 19, 2017
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    Horse manure!
     
  2. Classified 007

    Classified 007 Bobtail Member

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    Quality and celadon a great way to earn money...Yup...Don't listen to the haters,all they do is send out FAKE news....Yup
     
  3. Danajc

    Danajc Light Load Member

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    Sep 7, 2017
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    We are not haters, just drivers that has been screwed over by Celadon.
     
  4. Classified 007

    Classified 007 Bobtail Member

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    Lmao haters are so serious about there hate...Lmao
     
  5. Danajc

    Danajc Light Load Member

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    Sep 7, 2017
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  6. Classified 007

    Classified 007 Bobtail Member

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    Lmao The haters have a hard time with accounting.....Lmao Another wonderful week here at celadon trucking....It's all good
     
  7. Danajc

    Danajc Light Load Member

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    Sep 7, 2017
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    Celadon has a hard time with accounting.

    Celadon has signed a term sheet for a new $225 million asset-based revolving credit facility led by Bank of America that is expected to close during the June quarter and an amendment to its existing credit facility to waive potential defaults and provide interim liquidity.

    Celadon Group Announces Corporate Updates

    From Celadon's SEC investigation filing info:
    We do not currently expect to be in compliance with our financial covenants on September 30, 2017, and, as a result, have undertaken a process whereby we would refinance our Credit Agreement. The agent and lenders under the Credit Agreement have been cooperative in our refinancing process, but we cannot assure you they will continue to cooperate with us.

    If we fail to reach an agreement with our equipment lenders and lessors regarding maturity extensions and other needed accommodations, and we fail to make the required maturity payments, they could accelerate our obligations and foreclose on their collateral, which could negatively impact our ability to complete the refinancing of our Credit Agreement.

    https://www.sec.gov/Archives/edgar/data/865941/000100888617000105/form8k.htm
     
  8. Classified 007

    Classified 007 Bobtail Member

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    Just another great week here at celadon...Lmao good luck...LOL haters crack me up
     
    Last edited: Sep 15, 2017
  9. slow.rider

    slow.rider Medium Load Member

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    Apr 4, 2017
    Chicago
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