Ryder executes $875M credit facility - South Florida Business Journal:

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Thirteen financial institutions participated in the which replacesan $870 millio n facility that would have matured in May 2010. and acter as joint lead arrangers for the The credit facility will primarilt be used to supporthe company's commercial paper which funds working capital capital investments and other business activities, accordiny to a news release. "Wed are very pleased with the clear showintgof long-term financial support and confidence from our banking partners, despits harsh economic conditions and a difficult credit said Dan Susik, a senior VP with the Last week, the Miami-based trucking and logistics companty (NYSE: R) reported an 88 percenf drop in the first quarter Revenue fell 22 to $1.
2 billion from $1.53 billion. The company blamed it on slowere commercial vehicle rentals and usedvehiclre sales. Shares closed up $1.40 to The 52-week high was $76.63 on May 19. The 52-week low was $19 on Marcgh 6.