Bank of America Securities acted as sole book runner and sole lead arranger for a new $150 million syndicated secured revolving credit facility for Radiant Logistics.
Radiant Logistics secured a new $75 million senior secured revolving cross-border credit facility with Bank of America and Bank of Montreal as lenders.
Radiant Logistics repaid all amounts outstanding on a $25 million subordinated secured term loan used to support its acquisition of Wheels Group. Funds drawn from a credit facility provided by Bank of America and Bank of Montreal were used to repay the debt.
Radiant Logistics announced it has secured a new $30 million senior secured credit facility with Bank of America. The facility provides the company with higher advance rates and less restrictive financial and operational covenants.