News / Seko Logistics refinances after being hit by 'freight recession'

Photo: Seko Logistics

Seko Logistics has admitted that it has had to refinance, but was at pains to point out that it had not defaulted on debt repayments. 

After Loadstar DeskOne broke the news this week that things were afoot at Seko, the company put out a statement yesterday in response to The Loadstar’s questions a day earlier. 

However, the statement failed to include any detail on the refinancing, which it said, was necessary because of the “ongoing freight recession”, which it claimed had “impacted ...