debt
confidence high
sentiment neutral
materiality 0.50
C.H. Robinson enters $500M senior unsecured revolver due May 2023
C. H. ROBINSON WORLDWIDE, INC.
- Facility with U.S. Bank provides $500M revolving credit, maturing May 5, 2023.
- Loans bear interest at Term SOFR or Alternate Base Rate plus margins based on credit ratings.
- Leverage covenant set at 3.00:1.00 (or 3.50:1.00 under certain conditions).
- Material domestic subsidiaries required as guarantors; proceeds for general corporate purposes.