Case Summary: RoadRunner
$45,000,000 Senior Secured Credit Facility
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 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.
Crystal provided a $45.0MM Senior Secured Credit Facility comprised of a revolver, term loan and delayed draw term loan.