Ryder System, Inc. announced the establishment of a new, upsized $1.6 billion five-year corporate revolving credit facility. This facility, which includes 11 global institutions, will expire on April 22, 2030, and replaces Ryder’s previous corporate credit facility.
The new credit facility provides $200 million of additional credit capacity, further solidifying Ryder’s strong liquidity position for the next five years. The funds will be utilized for working capital and other general corporate purposes of Ryder and its subsidiaries.
Ryder Chief Financial Officer Cristina Gallo-Aquino stated that the execution of this facility demonstrates the confidence and long-term financial support from the company's global banking partners. BofA Securities, Inc. and MUFG Bank, Ltd. acted as joint bookrunners and joint lead arrangers for the transaction.
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