secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000950170-23-001834
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saia enters new $300M unsecured revolver replacing secured facility, matures Feb 2028
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- New unsecured revolving credit facility of $300M with $150M accordion feature.
- Facility matures February 3, 2028; replaces prior secured $300M credit line due Feb 2024.
- Interest rate pricing grid: SOFR plus 1.00%-1.75% or base rate plus 0.00%-0.75%.
- Covenant requires consolidated net lease adjusted leverage ratio less than 3.50x.
- JPMorgan Chase is administrative agent; BOKF is syndication agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023001834/0000950170-23-001834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023001834/saia-20230203.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001834

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