Ryder System executed a new $1.4 billion five-year global revolving credit facility, which includes 11 global institutions, and will expire on December 14, 2026. The credit facility will be used for working capital and other general corporate purposes of Ryder and its subsidiaries. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers. BNP Paribas Securities, Mizuho Bank, PNC Capital Markets, RBC Capital Markets, Truist Securities, U.S. Bank, and Wells Fargo Securities acted as joint lead arrangers. Regions Bank and Comerica Bank also participated as lenders in the transaction.

“Execution of this new credit agreement further solidifies Ryder’s strong liquidity position for the next five years,” said John Diez, chief financial officer for Ryder.

“We are very pleased with the continued long-term financial support and confidence shown by our global banking partners,” says Dan Susik, senior vice president of finance and treasurer for Ryder.