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Stock impact report

Ryder Further Strengthens its Liquidity Position with Renewal of $300M Receivable-Backed Financing Facility

Ryder System, Inc. (R) 
Last ryder system, inc. earnings: 4/29 07:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ryder.com
Company Research Source: Business Wire
MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has renewed its $300 million receivable-backed financing facility with two large banks for an additional 364 day period, further enhancing its solid liquidity position.The receivables-backed financing 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 of Ryder and its subsidiaries.“With this transaction, Ryder continues to enhance its solid liquidity position by capitalizing on its long-term commercial banking partnerships,” said Dan Susik, Ryder Senior Vice President – Finance & Treasurer.MUFG Bank, Ltd. acted as Facility Agent for this transaction. MUFG Bank, Ltd. and Mizuho Bank, Ltd. are serving as participating lenders.About RyderRyder is a Fortune 500® commercial fleet management, dedicated t Show less Read more
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