Hub Group enters $450M credit agreement replacing 2022 facility

Hub Group, Inc.

New $450M revolving credit facility matures June 2030, replaces 2022 agreement.
Includes $75M letter of credit sublimit and $15M swingline sublimit.
Borrowings at Term SOFR plus margin from 1.00% to 1.75% based on leverage ratio.
Covenants: Total Net Leverage ≤ 3.00x; interest coverage ≥ 3.00x; step-up to 3.50x post-acquisition.
No early termination penalties; all prior borrowings repaid.

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