Ryder System renews $300 million credit facility for one more year

By Marisa Wong

Los Angeles, April 27 – Ryder System, Inc. said it has renewed its $300 million receivable-backed financing facility with two large banks for an additional 364-day period.

The facility, which is a supplement to Ryder’s larger $1.4 billion multi-year revolving credit facility, will be used for working capital and other general corporate purposes.

“With this transaction, Ryder continues to enhance its solid liquidity position by capitalizing on its long-term commercial banking partnerships,” Dan Susik, senior vice president – finance and treasurer, said in a press release.

MUFG Bank, Ltd. acted as facility agent and a participating lender along with Mizuho Bank, Ltd.

Ryder System is a Miami-based truck rental and fleet management company.

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