Landstar enters $300M revolving credit facility maturing 2031, replacing prior agreement

LANDSTAR SYSTEM INC

$300M revolving credit facility with uncommitted accordion feature for up to $500M additional.
Termination date June 30, 2031; no borrowings outstanding as of June 30, 2026.
Financial covenants include minimum interest coverage and maximum net leverage ratios.
Change of control default triggered if any person/group acquires 35%+ of Landstar's stock.
Obligations guaranteed by substantially all of LSHI's subsidiaries; foreign stock pledges limited to 65% voting.

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