secwatch.observer — SEC 8-K summary
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Issuer:     OLD DOMINION FREIGHT LINE, INC. (ODFL)
CIK:        0000878927
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000950170-23-009357
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/0000950170-23-009357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/878927/000095017023009357/odfl-20230322.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009357

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