DM&E gets financing for I&M purchase

摘要

The Dakota, Minnesota & Eastern Railroad has obtained financing from a Canadian bank for the purchase of I&M Rail Link, according to a filing with the Surface Transportation Board.DM&E subsidiary Iowa, Chicago & Eastern is in the process of buying I&M (CO 2/25). DM&E told the STB that IC&E selected Toronto Dominion Bank to provide senior secured debt financing for the acquisition and working capital needs.