secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0000793074-25-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/0000793074-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307425000019/wern-20250327.htm
  HTML page:      https://secwatch.observer/filing/0000793074-25-000019

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