Evans Expected to Increase Momentum With Expanded Credit Facility from PNC Bank
Evans Transportation Services Inc. today announced it has closed a new credit facility with PNC Bank, N.A.
- Evans Transportation Services Inc. today announced it has closed a new credit facility with PNC Bank, N.A.
- The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.
- Officials said newly expanded resources add support for Evans’ scalable growth, while allowing the company to return meaningful value to its client-carriers.
- “This new credit facility couldn’t come at a better time, as we expect our current business to expand by, at minimum, an additional 10% in 2023,” said Evans’ CEO Ryan Keepman.