Celadon Group Inc. announced that it has increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital needs and general corporate purposes. Bank of America served as the Sole Lead Arranger in the facility and Wells Fargo Bank will now serve as the Syndication Agent. The amended facility matures on May 13, 2018 and currently bears interest at the option of the Company at LIBOR plus 75 basis points or the prime rate plus zero basis points.

Celadon Group Inc. (NYSE:CGI) seeks acquisitions. Celadon said that it has increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. "We believe the facility allows for growing the business organically and through acquisitions, as well as the capacity to execute our long term financial goals and drive future earnings growth over time," said Paul Will, President and Chief Executive Officer of Celadon.

Celadon Group Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company’s total revenue was $149,638,000 compared to $153,309,000 for the same period in 2011. Operating income was $8,036,000 compared to $10,603,000 for the same period in 2011. Income before income taxes was $7,356,000 compared to $9,424,000 for the same period in 2011. Net income was $4,378,000 or $0.19 per diluted share compared to $5,658,000 or $0.25 per diluted share for the same period in 2011. For the nine months, the company’s total revenue was $451,047,000 compared to $441,469,000 for the same period in 2011. Operating income was $35,767,000 compared to $30,824,000 for the same period in 2011. Income before income taxes was $32,703,000 compared to $27,288,000 for the same period in 2011. Net income was $20,020,000 or $0.86 per diluted share compared to $16,571,000 or $0.73 per diluted share for the same period in 2011. On April 25, 2013, the company's board of directors approved a regular cash dividend to shareholders for the quarter ending March 31, 2013. The quarterly cash dividend of $0.02 per share of common stock will be payable on July 14, 2013 to shareholders of record at the close of business on July 5, 2013.