Attached files
| file | filename |
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| EX-10.1 - RADIANT LOGISTICS, INC | v178891_ex10-1.htm |
UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC
20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported) March 25,
2010
RADIANT LOGISTICS,
INC.
(Exact
Name of Registrant as Specified in Its Charter)
|
Delaware
|
000-50283
|
04-3625550
|
||
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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1227 120th Avenue N.E., Bellevue,
WA 98005
(Address
of Principal Executive Offices) (Zip Code)
(425) 943-4599
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.03 Creation of a Direct Financial Obligation or an Obligation Under
an Off-Balance Sheet Arrangement of Registration.
Effective
March 25, 2010, Radiant Logistics, Inc. and its affiliated (the “Company”)
entered into a fifth amendment to its secured credit facility with Bank of
America, N.A. (the “Facility”). As amended, and including availability for
Company letters of credit, the Facility has been increased from $15 million to
$20 million. The Facility is collateralized by the Company’s accounts receivable
and other assets of the Company and its subsidiaries. Advances under the
Facility are available to fund future acquisitions, capital expenditures or for
other corporate purposes. The Facility provides for advances of up to 80% of our
eligible accounts receivable.
The
foregoing information is intended as a summary of the reported transaction and
is qualified in its entirety by reference to the complete text of the Fifth
Amendment to Loan Documents dated as of March 25, 2010, by and among Bank of
America, N.A. and Radiant Logistics, Inc., Radiant Global Logistics, Inc. (f/k/a
Airgroup Corporation), Radiant Logistics Global Services, Inc., and Radiant
Logistics Partners, LLC, and Adcom Express, Inc. which is filed as Exhibit 10.1
to this Report.
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 hereunto
duly authorized.
| Radiant Logistics, Inc. | |||
|
Date:
March 29, 2010
|
By:
|
/s/ Bohn H. Crain | |
| Bohn Crain | |||
| Chief Executive Officer and | |||
| Chief Financial Officer | |||