---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-009357"
form_type: "8-K"
ticker: "ODFL"
cik: "0000878927"
company_name: "OLD DOMINION FREIGHT LINE, INC."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:55:46.727769+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ODFL enters $250M revolving credit facility and extends note purchase shelf to 2026

## Summary
- New five-year $250M senior unsecured revolving credit facility with Wells Fargo; may be increased to $400M.
- Amends note purchase agreement; issuance period extended to March 22, 2026; $100M Series B notes outstanding.
- Interest at SOFR+0.100% plus 1.000-1.375% margin or Base Rate plus 0.000-0.375% based on leverage.
- Financial covenants: max debt/total capitalization 0.60:1.00, min fixed charge coverage 2.00:1.00.
- Proceeds for working capital, letters of credit, and general corporate purposes.

## SEC filing metadata
- accession: 0000950170-23-009357
- form_type: 8-K
- ticker: ODFL
- cik: 0000878927
- company_name: OLD DOMINION FREIGHT LINE, INC.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/0000950170-23-009357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/odfl-20230322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-009357
- JSON: https://secwatch.observer/filing/0000950170-23-009357.json
- Plain text: https://secwatch.observer/filing/0000950170-23-009357.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/0000950170-23-009357-index.htm
- Material Agreements
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/0000950170-23-009357-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.