secwatch.observer — SEC 8-K summary
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Issuer:     Hub Group, Inc. (HUBG)
CIK:        0000940942
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001171843-25-004144
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hub Group enters $450M credit agreement replacing 2022 facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940942/000117184325004144/0001171843-25-004144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940942/000117184325004144/f8k_062625.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-004144

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer