Knight-Swift replaces $2.3B revolver and $250M term loan with $2.5B facility

Knight-Swift Transportation Holdings Inc.

New $2.5B unsecured credit facility includes a $1.5B revolver (drawn $672M at closing), $700M Term Loan A-1, and $300M Term Loan A-2.
Proceeds paid off $312M revolver, $760M term loan under 2021 agreement and $250M 2023 term loan, plus fees.
Interest rates: SOFR+1.55% for revolver and A-1; SOFR+1.425% for A-2; no scheduled principal on revolver or A-2 until maturity.
Term Loan A-1 matures 2030 with quarterly payments starting Sep 2028; A-2 matures Jan 2027; revolver matures Jul 2030.
Financial covenants include max consolidated net leverage ratio and min interest coverage ratio, similar to prior facility.

item 1.01item 1.02item 2.03

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.