secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001492691-23-000087
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift increases receivables borrowing capacity to $575M from $475M
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- Swift Receivables Co. II entered Seventh Amendment raising facility limit by $100M to $575M.
- Facility is a revolving sale of undivided interests in eligible accounts receivable to purchasers.
- Collections on underlying receivables are held for benefit of purchasers, not available to satisfy company claims.
- Parties include SRCII as seller, Swift Transportation Services as servicer, and PNC Bank as administrator.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000087/0001492691-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000087/knx-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001492691-23-000087

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