Unique Logistics, a global logistics and freight forwarding company, signed a new $30 million revolving purchase loan with TBK Bank, a subsidiary of Triumph Bancorp.

“This new credit facility is a key step forward for the company and we expect this to significantly reduce our debt servicing costs with a direct impact on our bottom line,” Sunandan Ray, CEO of Unique Logistics. “We look forward to continuing the aggressive business expansion we’ve achieved over the last year.”

Under the terms of the new financing, Unique may access up to $30 million under a revolving purchase loan at the prime rate plus 3%.

Unique concurrently repaid and terminated its prior $25 million secured accounts receivable facility with Corefund Capital.