Benzinga | Dec 20, 2021 12:06PM EST

Ryder Renews $1.4B Revolving Credit Facility

* Ryder System, Inc. (NYSE: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.