Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Tue, July 5, 8:04 PM
|This Slide: #436 of 582|
Slide #436. Radiant Logistics, Inc — Preferred Stock Offering
Radiant Logistics, Inc (AMEX:RLGT)
9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (RLGT.PRA)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Radiant Logistics, Inc. (NYSE MKT: RLGT) a domestic and international logistics services company (the "Company"), today announced that it commenced an underwritten public offering of an original issuance of Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Shares"). The Company has filed an application to list the Series A Preferred Shares on the NYSE MKT Stock Market. - updated 12/13 - Radiant Logistics, Inc. (NYSE MKT: RLGT) a domestic and international logistics services company (the "Company"), today announced that it priced a public offering of 800,000 shares of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Shares"), liquidation preference $25.00 per share for gross proceeds of approximately $20.0 million, before deducting the underwriting discount and other estimated offering costs. The offering is subject to customary closing conditions and is expected to close on or about December 20, 2013. The Company expects to list the Series A Preferred Shares on the NYSE MKT Stock Market under the symbol "RLGTPRA" and the shares to commence trading within 30 days of the original issue date.
Radiant Logistics operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily in the U.S. and Canada. Through its operating locations across North America, Co. provides domestic, international air and ocean freight forwarding services and freight brokerage services. Co.'s primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are larger than shipments handled by integrated carriers of primarily small parcels. Co. also provides other logistics services including materials management and distribution services, and customs house brokerage services.
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