05:18 AM EDT, 04/02/2024 (MT Newswires) -- TFI International ( TFII ) said Monday it has completed its acquisition of flatbed and specialized transportation and logistics company Daseke ( DSKE ) for about $1.1 billion.

The companies announced the deal in December, where TFI agreed to buy Daseke ( DSKE ) for $8.30 per share in cash.

TFI also said it closed on a $500 million term loan in an overcommitted transaction. The loan comprises three tranches including a one-year facility of $100 million maturing in March 2025, a two-year facility of $100 million maturing in March 2026, and a three-year facility of $300 million maturing in March 2027.

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