Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SAIA INC incurred senior notes of up to $100 million aggregate principal amount with PGIM, Inc. and certain affiliates and managed accounts of Prudential at 6.09% per annum maturing five years after the date on which the Initial Notes are issued.
- Instrument
- senior notes
- Principal
- up to $100 million aggregate principal amount
- Counterparty
- PGIM, Inc. and certain affiliates and managed accounts of Prudential
- Rate
- 6.09% per annum
- Maturity
- five years after the date on which the Initial Notes are issued
- Event
- incurrence
Exact text from the filing
On November 9, 2023, Saia, Inc. (the “Company”) entered into a Private Shelf Agreement (the “Shelf Agreement”), by and among the Company, PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (the “Note Purchasers”), pursuant to which the Company agreed to sell up to $100 million aggregate principal amount of senior notes (the “Initial Notes”) to the Note Purchasers. The Initial Notes will bear interest at 6.09% per annum and will mature five years after the date on which the Initial Notes are issued, unless earlier repaid by the Company.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SAIA INC entered into Private Shelf Agreement with PGIM, Inc. and certain affiliates and managed accounts of Prudential valued at $100 million aggregate principal amount (effective 2023-11-09).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- PGIM, Inc. and certain affiliates and managed accounts of Prudential
- Value
- $100 million aggregate principal amount
- Effective
- 2023-11-09
Exact text from the filing
On November 9, 2023, Saia, Inc. (the “Company”) entered into a Private Shelf Agreement (the “Shelf Agreement”), by and among the Company, PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (the “Note Purchasers”), pursuant to which the Company agreed to sell up to $100 million aggregate principal amount of senior notes (the “Initial Notes”) to the Note Purchasers.
View on SEC.gov