Roadrunner Transportation Systems reached an agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a previously announced long-term loan amendment.

“We are very pleased with the progress we are making with our lender group,” said Curt Stoelting, president and CEO of Roadrunner. “The short-term amendment helps us to remain focused on serving our customers and clients and increasing our business as seasonal working capital needs begin to increase.”

“The interim agreement provides us with liquidity to support higher levels of business activity which typically begin this month,” Stoelting added. “We view this agreement as a logical step in completing a long-term loan amendment, which we currently anticipate completing by the end of March.”

U.S. Bank served as administrative agent for the transaction. BMO Harris, PNC Bank, SunTrust Bank, Compass Bank, MUFG Union Bank, KeyBank, Simends Financial Services, Citizens Bank, Huntington National Bank, M&T, Stifel Bank and The PrivateBank form the lender group.

Cudahy, WI-based Roadrunner is an asset-right transportation and asset-light logistics service provider.