Freight logistics company UTi Worldwide Inc. said Friday that it had replaced its $250 million credit facility by issuing notes and making agreements with lenders to provide new working capital.

The Long Beach company, whose credit facility was due to expire on July 13, said the new senior unsecured guaranteed notes totaling $55 million bear a fixed annual rate of interest of 8.06 percent.

UTi provides air and ocean freight forwarding, contract logistics and other supply chain management services.

The company’s shares were down 15 cents, or 1.4 percent, to $10.89 on the Nasdaq.