Radiant Logistics Increases Credit Facility to $200 Million for M&A Expansion
Radiant Logistics (RLGT) has amended its revolving credit facility, significantly increasing its capacity to fund mergers and acquisitions. The updated agreement expands the total available financing to $200 million and extends the maturity date by five years to August 2031. The move is designed to provide the third-party logistics provider with the liquidity necessary to pursue larger strategic acquisition opportunities. Following the disclosure, the company's stock saw a significant upward movement as investors reacted to the enhanced capital structure.
Tickers: $RLGT
Topics: debt maturity extension M&A financing revolving credit facility
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Part of the story Radiant Logistics Announces $100 Million Acquisition Facility to Support Upmarket Expansion (3 articles)