RADIANT LOGISTICS ANNOUNCES AMENDED AND RESTATED $200 MILLION SECURED REVOLVING CREDIT FACILITY
Radiant Logistics completed the syndication of an amended and restated $200 million secured revolving credit facility, extending the maturity to 2031 and securing lower interest rates. The new facility increases the accordion capacity to $100 million to support future acquisitions, while the company reports zero net debt with $39.6 million in cash on hand.
Key figures
- Deal Value Usd
- 200000000
- Cash on hand
- $39.6 million
- Current drawn
- $25.0 million
- Commitment fee
- 15.0 - 30.0 basis points
- Leverage covenant
- 3.0x
- Accordion capacity
- $100 million
- Interest margin spread
- 137.5 - 212.5 basis points
AI analysis
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