secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0000793074-22-000062
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Werner Enterprises enters $1.075B credit facility, borrows $600M at 5.67%
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- New $1.075B unsecured credit facility replaces prior $700M in facilities (BMO line, Wells line, term loan).
- Borrowed $600M at 5.67% (1-month SOFR + 0.10% + 1.25% margin); maturity Dec 20, 2027.
- Outstanding debt $693.8M including $93.8M fixed-rate term loan at 1.28% with BMO.
- Remaining borrowing capacity $416.2M after $600M draw and $58.8M in letters of credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000062/0000793074-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000062/wern-20221220.htm
  HTML page:      https://secwatch.observer/filing/0000793074-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer