Radiant Logistics Secures $200 Million Credit Facility for Growth

Radiant Logistics has secured a $200 million syndicated secured revolving credit facility to support its growth strategy. The new agreement, which replaces an existing facility set to mature in 2027, allows borrowings in both U.S. and Canadian dollars.

The facility carries a five-year term maturing on August 7, 2031, and is secured by a first-priority interest in substantially all personal property assets, including accounts receivable and subsidiary equity.

Key features of the new facility include an expanded $100 million accordion feature to support future acquisition opportunities, as well as $25 million sublimits for letters of credit and swingline loans. Interest on U.S. dollar borrowings is tied to base rate or SOFR benchmarks with margins that vary based on the company's consolidated net leverage ratio.

The facility includes covenants such as a maximum consolidated net leverage ratio of 3.0x and a minimum consolidated interest coverage ratio of 3.0x, with flexibility up to 3.5x for four quarters following a qualified acquisition.