debt
confidence high
sentiment positive
materiality 0.60
Covenant Logistics amends credit agreement; revolver raised to $130M, maturity to 2031
COVENANT LOGISTICS GROUP, INC.
- Maximum revolver increased to $130 million under the Twenty-First Amendment.
- Maturity date extended to June 17, 2031 (from original date).
- Certain acquired subsidiaries added as borrowers.
- Company gains additional flexibility to incur unsecured debt.
- Amendment effective June 17, 2026 with Bank of America and JPMorgan.