Arkansas Best Corp. (ABFS: Quote) said Friday that it has closed on the purchase of Panther Expedited Services, Inc. from Fenway Partners LLC for about $180 million, adding that all of Panther's outstanding debt has been repaid.
The deal was announced yesterday.
The $100 million term loan arranged by U.S. Bank National Association for the deal has also been funded, Arkansas Best said.
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by RTT Staff Writer
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