secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2022-07-08T23:59:59+00:00
Accession:  0001193125-22-190069
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312522190069/0001193125-22-190069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312522190069/d344416d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-190069

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