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Jeffersonville, Ind.-based American Commercial Lines (NASDAQ: ACLI) said it expectsa earnings before interest, taxes, depreciation and amortization of $15.5 million to $18.5 compared with $27.7 million in the second quarter of 2008. The companhy said in a news release that it expecte total debt to be in the rangeof $405 million to $415 compared with $446.5 million a year American Commercial Lines also announcerd Wednesday that its Commercial Barge Line Co. subsidiary intend to offer $200 million of seniod secured second lien notesz due in 2017 through a private placemenr withqualified U.S.
institutional Net proceeds fromthe placement, along with a $350 milliob line of credit, will be used to repay Americann Commercial Lines’ existing creditr facility, related transaction costs and expensee for general corporate purposes, the release In additional to Commercial Barge Line Co., Americah Commercial Lines is the parent company of , the largesy U.S. inland ship builder. The company also owns Seattle-based Elliott Bay Design Groupand Ind.-based Summit Contracting.
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