secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0000950170-24-134764
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saia increases credit facility by $300M to $600M, extends maturity to Dec 2029
------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024134764/0000950170-24-134764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017024134764/saia-20241209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-134764

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer