secwatch / observer
8-K filed March 23, 2023, 7:59 PM ET ticker ODFL CIK 0000878927
debt confidence high sentiment neutral materiality 0.50

OLD DOMINION FREIGHT LINE, INC. (ODFL): debt financing — ODFL enters $250M revolving credit facility and extends note purchase shelf to 2026

OLD DOMINION FREIGHT LINE, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLD DOMINION FREIGHT LINE, INC. incurred revolving credit of $250.0 million with Wells Fargo Bank, National Association, as administrative agent, and the Lenders named therein at SOFR plus 0.100% plus applicable margin of 1.000%-1.375% or Base Rate plus appli maturing five-year.

Instrument
revolving credit
Principal
$250.0 million
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the Lenders named therein
Rate
SOFR plus 0.100% plus applicable margin of 1.000%-1.375% or Base Rate plus appli
Maturity
five-year
Event
incurrence
Exact text from the filing
On March 22, 2023, the Company entered into a five-year, $250.0 million senior unsecured revolving credit facility pursuant to the terms of a third amended and restated credit agreement (the “Credit Agreement”), dated as of March 22, 2023, with Wells Fargo Bank, National Association, as administrative agent, and the Lenders named therein (collectively, the “Lenders”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLD DOMINION FREIGHT LINE, INC. amended First Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. and the other holders of Notes (effective 2023-03-22).

Action
amendment
Agreement
notes offering
Counterparty
PGIM, Inc. and the other holders of Notes
Effective
2023-03-22
Exact text from the filing
On March 22, 2023, Old Dominion Freight Line, Inc. (the “Company”) entered into a First Amendment to Note Purchase and Private Shelf Agreement (the “Amendment”), amending the terms of its Note Purchase and Private Shelf Agreement, dated as of May 4, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the “Note Agreement”) with PGIM, Inc. and the other holders of Notes (as defined in the Note Agreement).
View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

OLD DOMINION FREIGHT LINE, INC. filing history →

Source: SEC EDGAR
accession 0000950170-23-009357
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