---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-131714"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:28:58.308459+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kirby Corp refinances credit facility: $750M revolver maturing 2031, removes term loan, $200M drawn

## Summary
- New $750M revolving credit facility replaces 2027 agreement; maturity extended to March 26, 2031.
- Term loan credit facility eliminated; $70M term loan balance refinanced under revolver.
- Initial $200M drawn: used to refinance existing debt, fund vessel equipment, and support share repurchases; $20M repaid by filing date.
- Covenants: interest coverage ratio ≥2.5x; debt to capitalization ≤60%. Pricing based on credit rating (87.5–150 bp over SOFR).
- Ability to increase facility by $500M subject to lender consent.

## SEC filing metadata
- accession: 0001193125-26-131714
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2026-03-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/0001193125-26-131714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/kex-20260326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-131714
- JSON: https://secwatch.observer/filing/0001193125-26-131714.json
- Plain text: https://secwatch.observer/filing/0001193125-26-131714.txt

## Source-grounded claims
- claim_id: d57ec8fac5f45a4aaa7971ad1bce99d919992d9c
  claim: KIRBY CORP incurred revolving credit of $200 million with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus an interest rate margin which ranges from 87.5 to 150 basis points maturing March 26, 2031.
  evidence_excerpt: to 60 percent (with all calculations based on definitions contained in the 2031 Credit Agreement). As of the effective date of the 2031 Credit Agreement, Kirby had approximately $200 million outstanding under the revolving credit facility. Borrowings were used to refinance the outstanding indebtedness under the 2027 Credit Agreement (including the $70 million balance
  evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/0001193125-26-131714-index.htm
- claim_id: 035fc09536646616b3da17632b05fe0c6931aac0
  claim: KIRBY CORP amended Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $750 million revolver, $500 million accordion; SOFR+87.5-150bps or base+0-50bps; commitment fee 7-20 (effective 2026-03-26).
  evidence_excerpt: On March 26, 2026, Kirby Corporation (“Kirby”) entered into an amended and restated credit agreement (the “2031 Credit Agreement”) with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and certain lenders and issuing banks party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/0001193125-26-131714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.