Radiant Logistics Secures $200 Million Credit Facility Through 2031

The Renton-based logistics firm restructured its debt to gain greater financial flexibility, replacing an existing facility that was set to mature next year. Under the new terms, the company benefits from a pricing grid reduction, with interest rates now pegged to SOFR plus a margin of 137.5 to 212.5 basis points. The agreement also removes previous credit spread adjustments, optimizing the cost of borrowing for the firm.

BofA Securities led the syndication, supported by Bank of America, Bank of Montreal, PNC Bank, and Keybank. Bank of America will continue to serve as the administrative agent. The facility remains secured by the company's accounts receivable and other assets, requiring adherence to a maximum consolidated net leverage ratio of 3.0x.

CEO Bohn Crain noted that the improved terms provide the necessary runway to pursue both organic growth and potential stock repurchases. As of March 31, 2026, the company reported $25 million drawn on the previous facility and $39.6 million in cash, leaving it in a net-debt-free position. The expanded $100 million accordion feature is specifically designed to provide immediate liquidity should the company identify new acquisition targets in the supply chain sector.