Radiant Logistics, Inc. announced it has entered into an amended and restated credit agreement for a new $200 million syndicated, revolving credit facility, effective August 7, 2026. The new five-year facility replaces the company's previous credit agreement from 2022 and provides increased financial flexibility to support working capital, letters of credit, and future acquisitions.
Key Details
- Facility Terms: The facility has a total capacity of $200 million, matures on August 7, 2031, and includes a $100 million accordion feature to support future acquisition opportunities.
- Financial Covenants: The agreement requires the company to maintain a maximum consolidated net leverage ratio of 3.00 and a minimum consolidated interest coverage ratio of 3.00. The maximum leverage ratio may increase to 3.50 for four quarters following a qualified acquisition.
- Structure: The facility includes sublimits of $50 million for borrowings in Canadian Dollars (or other approved currencies), $25 million for letters of credit, and $25 million for swingline loans. Borrowing rates are tied to Term SOFR or a base rate, depending on the company's leverage ratio.