Radiant Logistics Announces $200M Revolving Credit Facility

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.