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.
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, 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.