Roadrunner, lenders extend working capital loans, forbearance agreement

By Tali Rackner

Minneapolis, April 3 – Roadrunner Transportation Systems, Inc. extended its interim credit facility amendment to temporarily extend the working capital loans and forbearance provisions announced on March 6, according to a press release.

The amendment provides the company with the liquidity and financial flexibility to continue operating as usual while completing the long-term loan amendment.

The company said it delayed filing its restated financial statements and its 2016 Form 10-K with the Securities and Exchange Commission until after completion of the long-term loan amendment.

U.S. Bank NA is the administrative agent.

Roadrunner also announced that chief financial officer Peter R. Armbruster is leaving the company and that it expects to make an announcement in the near future regarding a successor.

Roadrunner is an asset-light transportation and logistics service provider based in Cudahy, Wis.

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