debt
confidence high
sentiment neutral
materiality 0.50
Saia increases credit facility by $300M to $600M, extends maturity to Dec 2029
SAIA INC
- Total commitments raised from $300M to $600M via Amendment No. 2; JPMorgan, BofA, BOKF, and PNC as lenders.
- Maturity extended from Feb 3, 2028 to Dec 9, 2029; accordion expanded from $150M to $300M.
- Interest margins adjusted: SOFR loans 1.25%-2.00%, base rate loans 0.25%-1.00%, based on leverage ratio.
- Unused facility fee set between 0.175% and 0.30%, tied to consolidated net lease adjusted leverage.