---
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"
generated_at: "2026-05-24T00:10:58.088628+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Werner Enterprises enters $300M receivables credit facility with TD Bank as agent

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000793074-25-000019
- JSON: https://secwatch.observer/filing/0000793074-25-000019.json
- Plain text: https://secwatch.observer/filing/0000793074-25-000019.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $300 million
  - Counterparty: The Toronto-Dominion Bank
  - Rate: commercial paper rate or a term secured overnight financing rate (SOFR), plus an
  - Maturity: three years from the date of the LSA
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/0000793074-25-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.