Bank Group Amends, Restates Radiant Logistics’ $200MM Secured Revolving Credit Facility - News
Radiant Logistics completed an amended and restated $200.0 million secured revolving credit facility, refinancing a prior $200.0 million line due Aug. 5, 2027. The new five-year term extends maturity to 2031, adds a $100.0 million accordion, and sets SOFR plus 137.5 to 212.5 bps pricing. As of Mar. 31, 2026, $25.0 million was drawn.
How this was made
The 30-second read
Why it matters
The amended facility increases borrowing capacity via a larger accordion, extends maturity to 2031, and adjusts interest and fees based on net leverage, with stated reductions versus the prior pricing structure.
Market read
A company-specific revolver refinancing with longer maturity and lower stated pricing can reduce near-term financing risk and support optionality for acquisitions or buybacks.
What to watch
The article does not quantify incremental cost savings in dollars, and it highlights covenant triggers for acquisitions or repurchases, which may limit practical flexibility.
Background
Radiant Logistics’ existing $200M secured revolver was scheduled to mature Aug. 5, 2027; it has now been amended and restated with a new five-year term.
Ticker impact
Radiant Logistics completed an amended and restated $200M secured revolving credit facility, extending maturity to 2031 and expanding the accordion by $100M.
Near-term bias positive as the market typically rewards improved funding terms and longer runway; magnitude likely moderate absent new equity/debt issuance details.
The article discloses concrete credit terms: extended maturity, increased accordion capacity, and reduced pricing grid, which can lower financing risk and support capital allocation.
Market effects
Credit availability and covenant structure updates can influence financing sentiment across logistics and asset-backed borrowers.
No specific regional impact described beyond US bank syndication.
Limited, as the facility is company-specific and US-focused.
Counterpoint
Improved terms may reflect prior lender concerns; the market could discount the benefit if covenants tighten in acquisition or buyback scenarios.
Key entities
- companyRadiant Logistics
Completed an amended and restated $200M secured revolving credit facility with extended maturity and expanded accordion.
- lender/agentBank of America
Administrative agent and lender under the secured facility.
- lenderPNC Bank
Lender, joint bookrunner, joint lead arranger, and co-syndication agent.
- arrangerBofA Securities
Joint book runner and joint lead arranger.
- lenderBank of Montreal
Lender, joint bookrunner, joint lead arranger, and co-syndication agent.
