{"schema_version":"secwatch.filing_event.v1","accession":"0000793074-26-000159","form_type":"8-K","ticker":"WERN","cik":"0000793074","company_name":"WERNER ENTERPRISES INC","filed_at":"2026-10-08T20:05:44+00:00","discovered_at":"2026-10-08T20:07:00.269150+00:00","generated_at":"2026-10-12T15:29:54.096856+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Werner replaces $1.075B credit facility with $1.1B revolver, borrows $465M at 5.54%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000793074-26-000159","json":"https://secwatch.observer/filing/0000793074-26-000159.json","markdown":"https://secwatch.observer/filing/0000793074-26-000159.md","text":"https://secwatch.observer/filing/0000793074-26-000159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793074/000079307426000159/0000793074-26-000159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793074/000079307426000159/wern-20261005.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:29:54.096856+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}