Open Close

Radiant Logistics launches series A cumulative redeemable perpetual preferred stock public offering

10 December 2013

Radiant Logistics, Inc. (NYSE: RLGT) said it has commenced an underwritten public offering of an original issuance of series A Cumulative Redeemable Perpetual preferred stock.

The company has filed an application to list the series A Preferred Shares on the NYSE stock market. Sterne, Agee & Leach Inc. and Janney Montgomery Scott LLC are acting as joint book running managers for the offering.

The company said it intends to use the net proceeds from the sale to retire the outstanding balance owed under the senior subordinated notes issued to Caltius and reduce the amount outstanding under its credit facility with Bank of America, NA (BofA). After paying down the BofA credit facility the company expects to have less than USD5.0m drawn on such credit facility.

Radiant Logistics, Inc. ( is a non-asset based transportation and logistics company providing domestic and international freight forwarding services and an expanding array of value-added solutions, including customs and property brokerage, order fulfillment, inventory management and warehousing.


If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.