Daseke, the largest flatbed, specialized transportation, and logistics solutions company in North America, announced its stock repurchase program of up to 3 million shares of its outstanding common stock. Recently, Daseke (DSKE) refinanced its existing $484 million Term Loan B due Feb. 2024 with a new $400 million Term Loan B and cash in hand. The new Term Loan B will mature in March 2028 and has a reduced floating interest rate of LIBOR + 400 basis points, with the LIBOR floor also falling 25 basis points to 75 basis points.
https://www.tipranks.com/news/daseke-to-buy-back-3m-in-stock-street-sees-over-24-upside