{"schema_version":"secwatch.filing_event.v1","accession":"0000793074-25-000019","form_type":"8-K","ticker":"WERN","cik":"0000793074","company_name":"WERNER ENTERPRISES INC","filed_at":"2025-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.290238+00:00","generated_at":"2026-05-24T00:10:58.088628+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Werner Enterprises enters $300M receivables credit facility with TD Bank as agent","bullets":["Maximum funding of $300M, increases to $350M subject to lender acceptance; 3-year term.","Facility secured by eligible receivables; Werner is initial servicer and direct parent of borrower.","Interest based on commercial paper rate or term SOFR plus an adder.","Borrower is bankruptcy-remote Werner Receivables Company, LLC; proceeds fund receivable purchases.","Lender commitments scheduled to terminate in 3 years unless extended by parties."],"urls":{"canonical":"https://secwatch.observer/filing/0000793074-25-000019","json":"https://secwatch.observer/filing/0000793074-25-000019.json","markdown":"https://secwatch.observer/filing/0000793074-25-000019.md","text":"https://secwatch.observer/filing/0000793074-25-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/0000793074-25-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/wern-20250327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:10:58.088628+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a0d3d8814353d744c09bc63bcd637c5e03d27520","claim":"WERNER ENTERPRISES INC incurred credit facility of $300 million with The Toronto-Dominion Bank at commercial paper rate or a term secured overnight financing rate (SOFR), plus an maturing three years from the date of the LSA.","evidence_excerpt":"Werner Receivables Company, LLC (“WRC”) is a party to a Loan and Security Agreement dated March 27, 2025 (the “LSA”) together with various lenders and group agents (“Lenders”), The Toronto-Dominion Bank (“TD Bank”) as administrative agent, and Werner Enterprises, Inc.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/0000793074-25-000019-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"The Toronto-Dominion Bank"},{"label":"Rate","value":"commercial paper rate or a term secured overnight financing rate (SOFR), plus an"},{"label":"Maturity","value":"three years from the date of the LSA"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}