Road and Rail
Company Overview of Quality Distribution, LLC
Quality Distribution, LLC, together with its subsidiaries, primarily engages in transportation of bulk chemicals in North America. It operates chemical bulk tank truck network; and provides logistics and other value-added services through 29 independent affiliates with 93 trucking terminals, as well as through 3 company-operated trucking terminals. The company also provides intermodal ISO tank container transportation and depot services with eight terminals located in the eastern half of the United States. In addition, Quality Distribution, LLC offers tank cleaning, heating, testing, maintenance, and storage services. It serves companies engaged in chemical processing activities. The company...
4041 Park Oaks Boulevard
Tampa, FL 33610
Founded in 2002
Key Executives for Quality Distribution, LLC
President and Chief Operating Officer
Chief Financial Officer and Executive Vice President
Senior Vice President of Sales
Compensation as of Fiscal Year 2012.
Quality Distribution, LLC Key Developments
Quality Distribution Inc. and Quality Distribution, LLC Announce Increases to Revolver
Oct 1 12
Quality Distribution Inc. announced that the company and its Quality Distribution, LLC increased the maximum borrowing capacity under its senior secured asset-based revolving credit facility from $250 million to $350 million. The increase was effectuated through an amendment to the Revolver. The amendment increases the maximum borrowing capacity, subject to certain conditions, through the Revolver's accordion feature, and adjusts the borrowing base and certain availability-based rights and obligations under the Revolver. The maturity, interest rate and other material terms and conditions of the Revolver remain the same.
Quality Distribution, LLC Signs Credit Facility Agreement with Group of Lenders
Aug 22 11
Quality Distribution Inc. announced that Quality Distribution, LLC has entered into a new 5 year, $250 million asset-based revolving credit facility with a group of lenders. This new, larger credit facility has a maturity date of August 2016 and may be used for working capital needs, to finance capital expenditures and acquisitions and for general corporate purposes. The terms and conditions, including pricing are substantially similar to Quality Distribution, Inc’s prior credit facility, except that incremental availability under the revolver as of the closing date will increase by approximately $7.0 million.
Quality Distribution, LLC And QD Capital Corporation to Redeem Balance of Their 11.75% Senior Subordinated PIK Notes Due 2013
Jun 23 11
Quality Distribution Inc. announced that its wholly owned subsidiaries, Quality Distribution, LLC and QD Capital Corporation plan to redeem the entire $5.8 million balance of their 11.75% Senior Subordinated PIK Notes due 2013. The issuers have issued a notice of redemption pursuant to the indenture for the 2013 PIK Notes stating that they intend to redeem the remaining aggregate principal amount of such 2013 PIK Notes on July 20, 2011 (redemption date). The redemption price for the 2013 PIK Notes will be equal to 100% of the principal amount of the outstanding 2013 PIK Notes plus accrued and unpaid interest thereon to the redemption date.
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