Radiant Logistics Announces Financial Results for the First Fiscal Quarter
Quarter Ended September 30, 2017
Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multi-modal transportation services company, today reported financial results for the three months ended September 30, 2017.
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”).