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Article: Prudential Capital Group Invests $25 Million In Cardinal Logistics Management.
- Article from:
- PR Newswire
- Article date:
- September 17, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CONCORD, N.C., Sept. 17 /PRNewswire/ -- Prudential Capital Group, a division of The Prudential Insurance Company of America, has recently invested $25 million in subordinated notes with equity participation rights in Cardinal Logistics Management, Inc. Prudential Capital Group is the largest investor in fixed-income private placements in the U.S. capital markets.
"We are excited by the logistics and distribution solutions Cardinal is able to offer its customers, says Robert Derrick, senior vice president and head of Prudential Capital's Atlanta office. "We look forward to a successful long-term relationship with the company, which we think will emerge as a ...
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