Tellus Equipment Solutions, a leading John Deere Agricultural and Turf dealer with 24 locations across South and Central Texas, announced that it has closed a new $115 million credit facility (the "Credit Facility"). The Credit Facility will provide the company with additional financial flexibility to invest in operations and pursue strategic acquisitions.
Tellus is a trusted partner to John Deere and operates in an exclusive territory which covers 51 Texas counties. The company provides equipment, parts, and service support to a wide range of customers, including farmers, ranchers, and commercial businesses.
"We take great pride in our reputation as a trusted partner of John Deere and as a leading provider of agricultural equipment and solutions in Texas," said Jeff Donaldson, CEO of Tellus. "This Credit Facility will allow us to make further investments in our employees and facilities while also improving our capabilities and business processes to better serve our customers."
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