American Commercial Lines (ACL) revealed expectations of lower second-quarter earnings Wednesday and said it will issue $200m in new debt.
The Nasdaq-listed barge owner and builder said it expects to log between $15.5m and $18.5m in earnings before interests, takes, depreciation and amortisation (Ebitda).
The Jeffersonville, Indiana-based company blamed the drop on demand softness in the metals and liquid petrochemicals trade, which earn higher margins for the company.
Lower
