Caltius Mezzanine Realizes Investment in Radiant Logistics
December 31, 2013
Caltius Mezzanine (“Caltius”) is pleased to announce the successful realization of its debt investment in Radiant Logistics (“Radiant”).
In December 2013, Caltius’ debt was fully redeemed with proceeds from a public offering of Series A Cumulative Redeemable Perpetual Preferred Stock. Caltius continues to retain the equity securities it received in connection with its mezzanine debt investment. In December 2011, Caltius provided $10.0 million of mezzanine debt to provide capital for the company’s acquisition strategy. Headquartered in Bellevue, WA, Radiant is a publicly traded asset-light third party logistics company, providing domestic and international freight forwarding services.
Based in Los Angeles, CA, Caltius Mezzanine provides innovative capital solutions in amounts of $10.0 to $100.0 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $1.0 billion in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP, a $500 million fund. For more information or to refer an investment opportunity, please call us at (310) 996-9585.