Quality Distribution Announces Refinance of Revolver

Quality Distribution, Inc. QLTY which operates the largest chemical bulk tank truck network and is the largest provider of intermodal tank container and depot services in North America, today announced that its wholly-owned subsidiary, 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 the Company's prior credit facility, except that incremental availability under the revolver as of the closing date will increase by approximately $7.0 million.