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8-KAccepted Aug 12, 4:55 PM ET

Radiant Logistics Announces $200M Revolving Credit Facility

RLGTRADIANT LOGISTICS, INC

Accepted (ET)

4:55 PM

Aug 12, 2026

Filed

Aug 12, 2026

Documents

12

Size

2.4 MB

Summary

Radiant Logistics Announces $200M Revolving Credit Facility

Updated

What Happened
Radiant Logistics, Inc. (RLGT) announced on Aug 7, 2026 (filed Aug 12, 2026) that it entered into an Amended and Restated Credit Agreement establishing a $200.0 million syndicated, five‑year revolving credit facility maturing Aug 7, 2031. The facility amends and restates the company’s prior credit agreement and is provided by a lending group led by Bank of America, Bank of Montreal and PNC Bank.

Key Details

  • Borrowing capacity: $200.0 million total; up to $50.0 million may be drawn in Canadian dollars (part of the $200M).
  • Accordion and sublimits: $100.0 million accordion to support future acquisitions; $25.0 million letter of credit sublimit; $25.0 million swingline sublimit (both within the $200M).
  • Interest and pricing: U.S. dollar loans: base rate + 0.475%–1.225% or Term SOFR (or Term SOFR daily) + 1.375%–2.125%, depending on leverage. Canadian loans priced off CORRA plus specified margins.
  • Security and guarantees: facility is secured by a first‑priority lien on substantially all personal property (including accounts receivable and capital stock of domestic and Canadian subsidiaries); U.S. and Canadian subsidiaries guarantee the facility.
  • Financial covenants: maximum consolidated net leverage ratio of 3.00x and minimum consolidated interest coverage ratio of 3.00x (leverage temporarily increases to 3.50x for each of the four fiscal quarters following a Qualified Acquisition).

Why It Matters
This credit facility provides Radiant with committed liquidity and flexibility for working capital, letters of credit, short‑term borrowing, and potential acquisitions (via the $100M accordion). The secured facility and covenant levels set the company’s near‑term financing constraints—investors should note the leverage and coverage covenants, the collateral pledge, and the currency/drawing options (USD and CAD), which can affect capital structure flexibility and borrowing costs going forward.

Exhibits filed include the Amended and Restated Credit Agreement and a related press release.

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