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U.S. Bank, Roadrunner Transportation Systems Expand Facility to $700MM

September 29, 2015, 07:51 AM
Filed Under: Transportation
Related: U.S. Bank

Roadrunner Transportation Systems, Inc. announced that on September 24, 2015, the company expanded its existing credit facility to $700 million from $550 million through 2019. Additionally, the amended credit agreement provides for the modification of certain limits and terms.

"This agreement is a testament to the confidence our banking partners have in Roadrunner," said Mark DiBlasi, CEO. "The amendment reflects the Company’s strong capital position and financial flexibility, providing an ongoing ability to drive growth organically and through strategic acquisitions. We are extremely pleased with the support of our bank group and look forward to continuing our relationship with such strong business partners."

An SEC 8-K filing notes that U.S. Bank, National Association is serving as administrative agent for this facility.

The company is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload logistics, transportation management solutions, intermodal solutions, freight consolidation, inventory management, on-demand expedited services, international freight forwarding, customs brokerage and comprehensive global supply chain solutions.

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