Landstar amends credit agreement: facility increased to $300M, maturity extended to July 2027

LANDSTAR SYSTEM INC

Facility increased from $250M to $300M, with accordion feature up to $600M.
Maturity extended to July 2027; LIBOR replaced with Term SOFR.
No outstanding borrowings as of July 1, 2022.
Covenants include minimum fixed charge coverage and maximum leverage ratios.

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