Brief: Radiant Logistics Announces New $150M Secured Credit Facility

Radiant Logistics

16/03/2020 23:35

March 16 (Reuters) - Radiant Logistics Inc  RLGT.A :
    * RADIANT LOGISTICS ANNOUNCES NEW $150M SECURED CREDIT
FACILITY
    * RADIANT LOGISTICS INC - NEW $150.0 MILLION SYNDICATED
SECURED
REVOLVING CREDIT FACILITY TO REPLACE ITS EXISTING $75.0 MILLION
REVOLVING FACILITY
    * RADIANT LOGISTICS INC - HAVE CONTINUED TO USE OUR FREE
CASH FLOW
TO PAY-DOWN DEBT AND STRENGTHEN OUR BALANCE SHEET
    * RADIANT LOGISTICS INC - AS OF DECEMBER 31, 2019 OUR
CONSOLIDATED
LEVERAGE RATIO WAS AT A VERY CONSERVATIVE 1.0X

Source text for Eikon:  ID:nPn6lpMPBa 
Further company coverage:  RLGT.A 

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