C.H. Robinson establishes $300M (expandable to $500M) receivables securitization facility

C. H. ROBINSON WORLDWIDE, INC.

Receivables Purchase Agreement provides up to $300M in funding, expandable to $500M, maturing November 17, 2023.
Subsidiary C.H. Robinson Receivables, LLC sells receivables to Bank of America and Wells Fargo as purchasers.
C.H. Robinson acts as initial master servicer and performance guarantor for the facility.
Amendments to existing credit and note purchase agreements increase permitted securitization financing to accommodate the facility.

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