Trailmobile Canada gets temporary financial help

Canadian truck trailer manufacturer Trailmobile Canada Ltd. said it has made a special financing arrangement with Tyco Capital to be permitted a temporary over-advance on its line of credit of up to $2.5 million in Canadian dollars. Trailmobile Canada said this temporary financing is needed due to a provision that will be charged in the first quarter of fiscal 2002 relating to $2.4 million Canadian

Sean Kilcarr

Jan. 11, 2002

Trailmobile Canada said this temporary financing is needed due to a provision that will be charged in the first quarter of fiscal 2002 relating to $2.4 million Canadian dollars worth of receivables. The temporary financing goes into effect immediately and will be in place through April 2002. Trailmobile Corporation has guaranteed an amount equal to this advance with its revolving line of credit.

Trailmobile's U.S. sister company, Trailmobile Trailer LLC, filed for bankruptcy late last year. Trailmobile Canada Limited manufactures dry-freight trailers for commercial trucking customers in Canada and the U.S. The company is majority owned by Chicago-based Trailmobile Corp.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.