secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2021-07-06T23:59:59+00:00
Accession:  0001492691-21-000050
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift acquires AAA Cooper for $1.35B enterprise value; funds with $1.2B term loan
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- Enterprise value of $1.35B: $1.3B cash, $10M in KNX shares, and ~$40M assumed debt net of cash.
- Acquisition of 100% of AAA Cooper (less-than-truckload carrier) closed July 5, 2021; expected immediately accretive to adjusted EPS.
- Entered $1.2B unsecured term loan (2021 Term Loan) due Oct 2022, fully funded; interest rate BSBY + 1.000%.
- Reid Dove, AAA Cooper CEO, appointed to Knight-Swift Board as Class II director, term expiring at 2022 annual meeting.
- AAA Cooper will operate independently under its brand, headquartered in Dothan, Alabama.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269121000050/0001492691-21-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269121000050/knx-20210705.htm
  HTML page:      https://secwatch.observer/filing/0001492691-21-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer