secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2026-10-08T20:05:44+00:00
Accession:  0000793074-26-000159
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307426000159/0000793074-26-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307426000159/wern-20261005.htm
  HTML page:      https://secwatch.observer/filing/0000793074-26-000159

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