Radiant Logistics Provides Update On Its Expanded Credit Capacity
Secures CAD$10.0 Million Term Loan
Radiant Logistics, Inc. (the “Company”) (NYSE MKT: RLGT) today announced that it has secured a new CAD$10.0 million senior secured Canadian term loan from Integrated Private Debt Fund V LP (the “IPD V Term Loan”). The proceeds from the IPD V Term Loan will effectively replenish the Company’s U.S. senior credit facility with Bank of America, N.A., which had been used as a bridge to finance the Company’s acquisition of Lomas Logistics earlier this year.
Radiant Logistics Expands Credit Capacity
Replaces existing facility with new expanded US $75 Million Senior Credit Facility; Receives Commitment for CAD $10.0 Million Term Loan
Radiant Logistics, Inc. (the “Company”) (NYSE MKT: RLGT) today announced that it has secured a new US$75.0 million senior secured revolving cross-border credit facility (the “Senior Facility”) with Bank of America, N.A. and Bank of Montreal (the “Lenders”).
Radiant Logistics Acquires Strategic Operating Partner Dedicated Logistics Technologies
Radiant Logistics, Inc. (NYSE MKT: RLGT), a third-party logistics and multimodal transportation services company, today announced it has completed the acquisition of the assets of its strategic operating partner Dedicated Logistics Technologies (“Dedicated”), a privately held company that has historically operated under the Company’s Service By Air brand in Newark, New Jersey and Los Angeles, California.