Ryder System has completed a new $1.6 billion five-year corporate revolving credit facility,
Ryder’s new facility replaces its previous agreement and increases its credit capacity by $200 million, according to an April 23 Ryder release. The facility, which includes participation from 11 global financial institutions, will support Ryder’s working capital needs and other general corporate purposes through April 22, 2030.
The new credit line enhances Ryder’s financial flexibility and underscores continued confidence from its banking partners, according to the release. BofA Securities and MUFG Bank served as joint bookrunners and joint lead arrangers, with additional involvement from BNP Paribas Securities, Mizuho Bank, PNC Capital Markets, RBC Capital Markets, Truist Securities, U.S. Bank National Association, Wells Fargo Securities, Regions Bank, and Comerica Bank.
Headquartered in Miami, Ryder System Inc. is a leading logistics and transportation provider serving clients across North America. Its comprehensive offerings include supply chain management, dedicated transportation, fleet leasing and maintenance, truck rental, and e-commerce fulfillment for over 20 industries. Ryder operates nearly 300 warehouses and manages approximately 250,000 commercial vehicles across the United States, Canada, and Mexico.
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