Ryder Increases Its Solid Liquidity Position with $400M Public Bond Offering
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions, today announced it has issued $400 million of senior unsecured medium-term notes due September 2025. The transaction closed on May 7, 2020. The company will be using the proceeds from the offering to refinance a $300 million public bond maturing today, May 11, 2020, as well as for working capital and other general corporate purposes. As of the close of business today, May 11, 2020, Ryder has total committed liquidity available of $1.8 billion. This liquidity includes an available cash balance in the United States of approximately $800 million, approximately $900 million available under Ryder’s $1.4 billion global revolving credit facility which expires in
https://newsroom.ryder.com/news/news-details/2020/Ryder-Increases-Its-Solid-Liquidity-Position-with-400M-Public-Bond-Offering/default.aspx
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