debt
confidence high
sentiment neutral
materiality 0.55
Knight-Swift extends term loan maturity to 2026, ups size to $350M, declares $0.16 dividend
Knight-Swift Transportation Holdings Inc.
- Extended term loan A-2 maturity from Sept 2024 to Sept 2026 and increased facility from $200M to $350M.
- Interest rate changed to SOFR plus 0.10% adjustment plus 1.50% based on leverage grid.
- No scheduled principal payments due until maturity; credit facility remains unsecured.
- Declared quarterly dividend of $0.16 per share, payable Sept 23 to holders of record Sept 6.