Ryder Renews $1.4B Revolving Credit Facility

Ryder System, Inc. R executed a new $1.4 billion five-year global revolving credit facility that will expire on December 14, 2026, and includes 11 global institutions.
"Execution of this new credit agreement further solidifies Ryder's strong liquidity position for the next five years," commented CFO John Diez.
The company plans to use the credit facility for working capital and other general corporate purposes.
Price Action: R shares are trading lower by 3.72% at $75.30 on the last check Monday.