secwatch.observer — SEC 8-K summary
======================================

Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001193125-21-361744
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryder renews $1.4B revolving credit facility, matures Dec 2026
--------------------------------------------------------------

- $1.4 billion unsecured revolving credit facility with 11 global banks, matures December 14, 2026.
- Facility includes up to $75M in letters of credit; proceeds for working capital and general corporate purposes.
- Interest rate based on credit ratings; currently 1.125% for LIBOR/SONIA/EURIBOR loans, plus facility fee 0.125%.
- Replaces prior facility maturing Sept 2023; incorporates fallback rates for transition away from LIBOR.
- BofA Securities and MUFG acted as joint bookrunners; 11 institutions participated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000119312521361744/0001193125-21-361744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000119312521361744/d276397d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-361744

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