Jefferies Capital Partners Continues to Back New Century
August 06, 2012
Jefferies Capital Partners has provided New Century Transportation with additional equity capital. JCP has been the company's majority shareholder since June 2006. New Century is a provider of over-the-road transportation solutions. Concurrent with the follow-on investment, the company also completed a $104 million debt refinancing, closing on long-term credit facilities with Capital One Leverage Finance and Prospect Capital. In addition to refinancing existing senior debt, the proceeds from the transactions will be used for general corporate purposes.