Werner replaces $1.075B credit facility with $1.1B revolver, borrows $465M at 5.54%

WERNER ENTERPRISES INC

Entered a $1.1B unsecured 2026 Credit Agreement maturing Oct 5, 2031, replacing the $1.075B 2022 facility that was scheduled to mature Dec 20, 2027.
Borrowed $465M under the new facility at a weighted average rate of 5.54% (SOFR + 1.50%); the 0.10% credit adjustment spread from the 2022 agreement was eliminated.
Paid off and terminated the 2022 facility, which had $428M outstanding; $431.7M of new borrowings covered the payoff, accrued interest, and fees.
Total outstanding debt as of Oct 5, 2026 was $840M: $465M revolver plus $375M under the existing Loan Security Agreement; remaining borrowing capacity $603.1M after $31.9M standby LCs.
Pricing: Base Rate + 0.125%-0.750% or Term SOFR + 1.125%-1.750%; commitment fees 0.125%-0.250%; L/C commission 1.125%-1.750%; $100M letter-of-credit and $100M swingline sublimits unchanged.

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