secwatch.observer — SEC 8-K summary
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Issuer:     Hub Group, Inc. (HUBG)
CIK:        0000940942
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001171843-22-001506
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Hub Group enters $350M credit facility, replacing 2017 agreement
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- New $350M revolving credit facility matures February 24, 2027.
- Includes $75M sublimit for letters of credit and $15M sublimit for swingline loans.
- Interest rates based on Term SOFR plus spread from 100-175 bps, or base rate plus 0-75 bps.
- Financial covenants: total net leverage ratio ≤ 3.00x (3.50x after large acquisitions) and interest coverage ratio ≥ 3.00x.
- Proceeds to finance acquisitions, working capital, capex, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940942/000117184322001506/0001171843-22-001506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940942/000117184322001506/f8k_022822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-001506

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