Radiant Logistics Enters New Credit Agreement
Ticker: RLGT · Form: 8-K · Filed: Mar 20, 2024 · CIK: 1171155
| Field | Detail |
|---|---|
| Company | Radiant Logistics, Inc (RLGT) |
| Form Type | 8-K |
| Filed Date | Mar 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, credit-agreement, debt
Related Tickers: RLGT
TL;DR
Radiant Logistics just signed a new credit deal, potentially changing how they fund things.
AI Summary
On March 19, 2024, Radiant Logistics, Inc. filed an 8-K report. The filing pertains to the company's entry into a new credit agreement, which is a significant event for its financial operations. Further details regarding the terms and conditions of this agreement are expected to be disclosed.
Why It Matters
This filing indicates a change in Radiant Logistics' financing structure, which could impact its ability to fund operations, pursue growth opportunities, or manage its debt.
Risk Assessment
Risk Level: medium — Changes in credit agreements can signal financial strain or strategic shifts, requiring investors to assess the new terms and their implications.
Key Players & Entities
- Radiant Logistics, Inc. (company) — Registrant
- March 19, 2024 (date) — Date of earliest event reported
- 001-35392 (company) — Commission File Number
- 04-3625550 (company) — IRS Employer Identification No.
FAQ
What is the purpose of the new credit agreement for Radiant Logistics?
The filing does not specify the exact purpose of the new credit agreement, but it is reported as a material event for the company.
When was the new credit agreement entered into?
The earliest event reported in the filing occurred on March 19, 2024, which is the date the company entered into the new credit agreement.
What are the key terms and conditions of the new credit agreement?
The filing states that the information regarding the new credit agreement will be provided in an exhibit or a subsequent filing, as it is a material contract.
Does this new credit agreement replace any existing debt facilities?
The filing does not explicitly state whether the new credit agreement replaces existing debt facilities, but it is reported as a new agreement.
What is Radiant Logistics' primary business?
Radiant Logistics, Inc. is involved in the arrangement of transportation of freight and cargo, as indicated by its Standard Industrial Classification code [4731].
Filing Stats: 901 words · 4 min read · ~3 pages · Grade level 15.8 · Accepted 2024-03-20 08:30:12
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value RLGT NYSE American LLC
Filing Documents
- rlgt-20240319.htm (8-K) — 39KB
- 0000950170-24-033954.txt ( ) — 158KB
- rlgt-20240319.xsd (EX-101.SCH) — 26KB
- rlgt-20240319_htm.xml (XML) — 5KB
05. Material Cybersecurity Incidents
Item 1.05. Material Cybersecurity Incidents On or about March 14, 2024, through its information technology systems monitoring tools, Radiant Logistics, Inc. (the "Company") detected what was determined to be the initial stages of a cybersecurity incident related to its Canadian operations. Upon detection, the Company immediately initiated its incident response and business continuity protocols and began taking measures to disrupt the unauthorized activity. As part of its process to address the incident, the Company proactively took measures to isolate its Canadian operations from the rest of its network and engaged the services of cybersecurity and forensics professionals to further assess, contain and remediate the incident. While the incident in combination with the Company's security protocols have caused service delays for customers in Canada, systems recovery efforts are in process and the Company currently estimates those efforts to be largely complete in the coming week. The Company's U.S. and other international operations have continued without disruption throughout this process in all material respects. While the investigation is ongoing, as of the date of this filing, the incident has not had a material impact on the Company's overall operations, and the Company has not determined the incident is reasonably likely to materially impact the Company's financial conditions or results of operations. Cautionary Note Regarding Forward Looking Statements This Form 8-K contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company's current expectations concerning the resolution of this cybersecurity incident and its impact on the Company's business, operations or financial results. These statements by their nature involve substantial risks and uncertainties, and actual results
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Radiant Logistics, Inc. Date: March 20, 2024 By: /s/ Todd Macomber Todd Macomber Senior Vice President and Chief Financial Officer