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Radiant Logistics Strengthens Financial Position with New Credit Facility

Radiant Logistics, Inc. (NYSE American: RLGT) has made a significant announcement regarding its financial strategy. The company has recently finalized an amended and restated secured revolving credit facility valued at $200 million. This facility is designed to enhance Radiant’s financial flexibility while providing the necessary capital for future acquisitions and capital expenditures, as well as potential stock repurchases. Given the continuously evolving landscape of logistics and supply chain management, this move is seen as a strategic effort to maintain competitive momentum.

The new credit facility replaces the company’s previous $200 million revolving credit line that was originally set to mature on August 5, 2027. According to Bohn Crain, Founder and CEO of Radiant Logistics, the amendments to the facility come at an opportune time, allowing for lower-cost capital and improved terms. The updated agreement significantly increases the company’s borrowing capacity and presents a favorable pricing grid along with a longer five-year maturity term extending until 2031.

Key Features of the New Credit Facility

The newly structured facility comes with various features that cater to the company's operational needs and future growth strategies:

• - Borrowing Capabilities: Under the terms of the facility, Radiant can borrow up to the full $200 million, contingent upon adherence to standard financial covenants and coverage ratios.
• - Increased Accordion Feature: The accordion feature, which permits additional borrowing, has been expanded from $75 million to $100 million, facilitating potential future acquisitions.
• - Interest Rates: Interest on any borrowings will be based on SOFR (Secured Overnight Financing Rate) plus a margin ranging from 137.5 to 212.5 basis points, adjusted according to the company's consolidated net leverage ratio.
• - Maturity and Security: The facility comes with an extended maturity while being secured by assets such as accounts receivable. This enhances Radiant’s ability to manage its assets effectively while meeting obligations.

As of March 31, 2026, Radiant reported having $25 million drawn from the facility whereas it maintained a robust cash position of nearly $39.6 million. This solid financial standing implies that the company currently operates without net debt and aims to sustain this advantageous position post-closing.

Future Outlook

The majority of industry experts view this development positively, citing the company's strategic use of financial tools to increase shareholder value through various means, including organic growth and targeted acquisitions. With an expanded financial toolkit, Radiant Logistics is poised to navigate the complexities of the logistics industry, focusing on both growth and sustainability as key goals.

With this latest announcement, Radiant Logistics exemplifies its commitment to financial prudence while positioning itself for future opportunities in the logistics and supply chain management sectors. The management has expressed optimism regarding the impact of the new facility on operational agility and long-term strategies. By securing low-cost capital, the company aims to maximize its shareholder value while continuing to provide efficient logistics solutions across North America.

Equipped with this bolstered financial capability, Radiant Logistics is ready to tackle emerging challenges and seize new growth opportunities in the logistics landscape, driving further innovation and efficiency in their offerings.