August 25, 2016 2:25 PM ET

Road and Rail

Company Overview of Mason Dixon Intermodal, Inc.

Company Overview

Mason Dixon Intermodal, Inc. provides a range of intermodal trucking and logistics solutions to customers in the United States, Mexico, and Ontario and Quebec provinces in Canada. The company operates an owner-operator fleet of flatbeds, vans, containers, and specialized equipment. It offers intermodal services, including rail-truck and steamship-truck; intermodal support services, which include storage, repair, and maintenance services; and local and long haul trucking services. The company also provides container yard, depot, and supply chain management services; and special services, which include warehouse services, operational and international logistics, and marine cargo services. It p...

12755 East 9 Mile Road

Warren, MI 48089

United States

Founded in 1932

Phone:

586-920-0100

Fax:

800-225-9268

Key Executives for Mason Dixon Intermodal, Inc.

President
Vice President of Operations
Director of Administrations
Regional Vice President of West Coast
Director of Operations
Compensation as of Fiscal Year 2016.

Mason Dixon Intermodal, Inc. Key Developments

Universal Truckload, Inc., Universal Dedicated, Inc., Mason Dixon Intermodal, Inc., Logistics Insight Corp., Universal Logistics Solutions International, Inc., Universal Specialized, Inc., Cavalry Logistics, LLC and Universal Management Services, Inc. Enter Revolving Credit and Security Agreement with PNC Bank

Universal Truckload, Inc., Universal Dedicated, Inc., Mason Dixon Intermodal, Inc., Logistics Insight Corp., Universal Logistics Solutions International, Inc., Universal Specialized, Inc., Cavalry Logistics, LLC and Universal Management Services, Inc. entered into a Revolving Credit and Security Agreement with PNC Bank, National Association (PNC) to provide for a revolving credit facility of up to $120,000,000 (which amount may be increased by up to $30,000,000 upon request). Borrowings under the revolving credit facility may be made until, and mature on, December 23, 2020. Borrowings under the Revolving Credit and Security Agreement bear interest at LIBOR or a base rate, plus an applicable margin for each. The applicable margin fluctuates based on the Borrowing Subsidiaries’ quarterly average excess availability, as defined in the Revolving Credit and Security Agreement. Additionally, the Revolving Credit and Security Agreement provides for up to $3,000,000 in letters of credit. As security for all indebtedness pursuant to the Revolving Credit and Security Agreement, PNC was granted a first priority perfected security interest in cash, deposits and accounts receivable of the Borrowing Subsidiaries and selected other assets. The Revolving Credit and Security Agreement includes customary affirmative and negative covenants and events of default, as well as financial covenants requiring a minimum fixed charge coverage ratio to be maintained after a triggering event, as defined in the Revolving Credit and Security Agreement. The Revolving Credit and Security Agreement also includes customary mandatory prepayments provisions. On December 23, 2015, approximately $59.5 million was advanced to the Borrowing Subsidiaries to pay off existing indebtedness and to pay fees and expenses associated with the revolving credit agreement.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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