Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WERNER ENTERPRISES INC incurred credit facility of $1.075 billion with Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent at 5.67%, based on the one-month Secured Overnight Financing Rate ("SOFR") plus 0.1 maturing December 20, 2027.
- Instrument
- credit facility
- Principal
- $1.075 billion
- Counterparty
- Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent
- Rate
- 5.67%, based on the one-month Secured Overnight Financing Rate ("SOFR") plus 0.1
- Maturity
- December 20, 2027
- Event
- incurrence
Exact text from the filing
On December 20, 2022, Werner Enterprises, Inc. (the "Company") entered into a $1.075 billion unsecured credit facility with the lenders thereto, Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent, (the "2022 Credit Agreement")
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WERNER ENTERPRISES INC terminated BMO Line of Credit with BMO Harris Bank N.A. valued at $300 million (effective 2022-12-20).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- BMO Harris Bank N.A.
- Value
- $300 million
- Effective
- 2022-12-20
Exact text from the filing
Concurrently with entering into the 2022 Credit Agreement on December 20, 2022, the Company paid off and terminated the BMO Line of Credit, Wells Line of Credit, and Wells Term Loan, which were each scheduled to mature on May 14, 2024.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WERNER ENTERPRISES INC terminated Wells Term Loan with Wells Fargo Bank, National Association valued at $100 million (effective 2022-12-20).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $100 million
- Effective
- 2022-12-20
Exact text from the filing
Concurrently with entering into the 2022 Credit Agreement on December 20, 2022, the Company paid off and terminated the BMO Line of Credit, Wells Line of Credit, and Wells Term Loan, which were each scheduled to mature on May 14, 2024.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WERNER ENTERPRISES INC entered into 2022 Credit Agreement with Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent valued at $1.075 billion (effective 2022-12-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent
- Value
- $1.075 billion
- Effective
- 2022-12-20
Exact text from the filing
On December 20, 2022, Werner Enterprises, Inc. (the "Company") entered into a $1.075 billion unsecured credit facility with the lenders thereto, Wells Fargo Bank, National Association as Administrative Agent, Swingline Lender, and Issuing Lender, BMO Harris Bank N.A. as Syndication Agent, The Toronto-Dominion Bank as Documentation Agent, and The Huntington National Bank as Co-Agent, (the "2022 Credit Agreement"), replacing the Company's previous $300 million unsecured credit facility with BMO Harris Bank N.A. (the "BMO Line of Credit") and the credit agreement with Wells Fargo Bank, National Association, consisting of a $300 million unsecured credit facility (the "Wells Line of Credit") and a $100 million unsecured term loan (the "Wells Term Loan").
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WERNER ENTERPRISES INC terminated Wells Line of Credit with Wells Fargo Bank, National Association valued at $185 million (effective 2022-12-20).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $185 million
- Effective
- 2022-12-20
Exact text from the filing
Concurrently with entering into the 2022 Credit Agreement on December 20, 2022, the Company paid off and terminated the BMO Line of Credit, Wells Line of Credit, and Wells Term Loan, which were each scheduled to mature on May 14, 2024.
View on SEC.gov