Radiant Logistics, Inc. (NYSE American: RLGT) has completed the syndication of an amended and restated $200 million secured revolving credit facility, replacing an existing facility that was set to mature in August 2027, according to a press release.

The new five-year facility extends the maturity to 2031 and carries an accordion feature expanded from $75 million to $100 million. Borrowings accrue interest at SOFR plus a margin ranging from 137.5 to 212.5 basis points, adjusted based on the company's consolidated net leverage ratio. A commitment fee on unused commitments ranges from 15.0 to 30.0 basis points. The company said both the interest margin and commitment fee represent reductions from the prior facility's pricing, and the amended terms eliminate a credit spread adjustment previously applicable to borrowings.

Bank of America, N.A. will serve as administrative agent. BofA Securities, Inc., Bank of Montreal, and PNC Bank, National Association will act as joint book runners and joint lead arrangers. Bank of Montreal and PNC Bank will also serve as co-syndication agents. KeyBank National Association will participate as a lender.

The facility is secured by accounts receivable and other assets of the company and its subsidiaries. General borrowings are subject to a maximum consolidated net leverage ratio of 3.0x and a minimum consolidated interest coverage ratio of 3.0x.

As of March 31, 2026, the company had $25.0 million drawn on the facility and $39.6 million in cash on hand, resulting in no net debt. The company said it expects this position to remain unchanged immediately following the closing of the amended facility.

"The amended Secured Facility provides us access to low-cost capital on improved terms, including a lower pricing grid, an extended five-year maturity to 2031, and an expanded $100 million accordion," said Bohn Crain, founder and CEO of Radiant Logistics.