Radiant Logistics secured a $200 million syndicated secured revolving credit facility to replace its existing $150 million revolving facility. Concurrent with entering into new secured facility, the company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V.
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.