Saia amends credit agreement to allow negative pledges in unsecured debt

SAIA INC

Amendment to Section 6.09 dated Oct 31, 2023, permits negative pledges in unsecured debt agreements.
Condition: Saia can grant liens securing the credit facility at least on a pari passu basis with such unsecured debt.
Executed by Saia, JPMorgan Chase as agent, and required lenders; effective upon satisfaction of conditions.
No changes to borrowing limits, interest rates, or financial covenants; purely a covenant flexibility update.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SAIA INC amended "Credit Agreement" with JPMorgan Chase Bank, N.A. as Administrative Agent, and the other lenders and agents party thereto (effective 2023-10-31).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A. as Administrative Agent, and the other lenders and agents party thereto
Effective: 2023-10-31

Exact text from the filing

On October 31, 2023, Saia, Inc. (the “Company”), and certain of its subsidiaries, entered into an amendment to its credit agreement dated February 3, 2023, with JPMorgan Chase Bank, N.A. as Administrative Agent, and the other lenders and agents party thereto (the “Credit Agreement”).

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Source: SEC EDGAR

accession 0000950170-23-059404

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