other material
confidence high
sentiment neutral
materiality 0.50
C.H. Robinson expands eligible receivables pool by ~$600M; funding capacity unchanged at $500M
C. H. ROBINSON WORLDWIDE, INC.
- Amendments to receivables purchase and sale agreements add new eligible receivable categories, increasing pool by ~$600M.
- Borrowing capacity under the facility remains $500M; no change to existing commitments.
- Amendments effective July 7, 2022, with Bank of America and Wells Fargo as committed purchasers.