Crystal Agents $45.0MM Senior Credit Facility for Roadrunner Freight

Roadrunner Freight is a leading less-than-truckload (“LTL”) transportation provider. The Company services a diverse customer base across many industries including retail, industrial, food & beverage and health care with its differentiated point-to-point LTL model.

The Crystal financing facilitated the final step of a multi-year corporate transformation to simplify Roadrunner’s business operations. The revolver, term loan and delayed draw term loan will be used for working capital and growth.

Overview

Roadrunner Freight is a leading less-than-truckload (“LTL”) transportation provider. The Company services a diverse customer base across many industries including retail, industrial, food & beverage and health care with its differentiated point-to-point LTL model

Situation

The business was in the final stages of a multi-year turnaround effort designed to delever and simplify the Company and its balance sheet. After completing the sale of non-core divisions, a new debt facility was required for working capital needs.

Solution

Crystal provided a $45.0MM Senior Secured Credit Facility comprised of a revolver, term loan and delayed draw term loan.