debt
confidence high
sentiment neutral
materiality 0.50
Marten Transport amends credit agreement; extends term to 2031, raises LC limit to $50M
MARTEN TRANSPORT LTD
- On Aug 19, 2026, entered Second Amendment to Credit Agreement with U.S. Bank and banks.
- Extends facility term to Aug 19, 2031; reduces max aggregate principal from $105M to $100M.
- Letter of credit sublimit increased from $35M to $50M; provides $50M Second Amended Revolving Note.
- Also updates applicable margins for Term SOFR advances.
- Original facility was $30M unsecured revolving credit with $30M LC sublimit (2022).