UTi Worldwide late Monday said had sold $150 million in senior unsecured guaranteed notes in a private offering.

The Long Beach logistics company said it also entered into a new revolving credit facility for up to $50 million with Bank of the West. It also amended and extended two existing letter of credit facilities, for $40 million and $50 million respectively, with Nedbank Ltd. and Royal Bank of Scotland.

The new notes in the private placement have a fixed rate of 3.7 percent and mature in August 2018. A portion of proceeds were used to pay off older notes that would have been due July 9.

Shares earlier closed down 15 cents, or less than 1 percent, to $19.17 on the Nasdaq.