Roadrunner Transportation Systems reduced its revolving line of credit from $400 million to $300 million. According to an 8-K filing, U.S. Bank served as administrative agent, swing line lender and LC issuer for the transaction.

Pursuant to the amendment, among other things, the administrative agent and the lenders consented to the formation and operation of risk retention group Velocity Insurance, a newly formed subsidiary designed to assist the company in its strategy to modify its automobile insurance liability program.

The company amended the definition of EBITDA to include an add-back for certain reasonable and documented costs and expenses incurred in connection with terminal shutdowns, driver releases and related rental exit transaction costs incurred by us during fiscal 2016.

Cudahy, WI-based Roadrunner Transportation Systems provides supply-chain solutions throughout the U.S. and Canada.