Roadrunner enters into $140 million term loan, $100 million revolver

By Aleesia Forni

Columbus, Ohio, Sept. 7 - Roadrunner Transportation Systems, Inc. amended and restated its existing credit facility, providing for a $140 million term loan and $100 million revolving line of credit, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Up to $10 million of the revolver may be used for swing line loans, while up to $15 million may be used for letters of credit.

The agreement is in connection with the company's acquisition of Prime Logistics Corp.

Suntrust Robinson Humphrey, Inc., U.S. Bank NA and Regions Capital Markets are joint bookrunners and joint lead arrangers.

U.S. Bank NA is administrative agent, swing line lender and letter of credit issuer.

Regions Bank and Suntrust Bank are co-syndication agents.

Branch Banking and Trust Co. and Keybank NA are co-documentation agents.

The facility matures in August 2016.

Roadrunner is a transportation and logistics services provider based in Cudahy, Wis.

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