{"schema_version":"secwatch.filing_event.v1","accession":"0001492691-25-000051","form_type":"8-K","ticker":"KNX","cik":"0001492691","company_name":"Knight-Swift Transportation Holdings Inc.","filed_at":"2025-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.109381+00:00","generated_at":"2026-05-18T06:38:47.167010+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Knight-Swift replaces $2.3B revolver and $250M term loan with $2.5B facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001492691-25-000051","json":"https://secwatch.observer/filing/0001492691-25-000051.json","markdown":"https://secwatch.observer/filing/0001492691-25-000051.md","text":"https://secwatch.observer/filing/0001492691-25-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/0001492691-25-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/knx-20250708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:38:47.167010+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1498fcd9d69caf63857d4b1c9bbff5ba2eace8ad","claim":"Knight-Swift Transportation Holdings Inc. incurred term loan of $300.0 million with Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents at SOFR plus 1.425% maturing January 8, 2027.","evidence_excerpt":"(the \"Company\") entered into a $2.5 billion unsecured credit facility with the lenders thereto, Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents (the \"2025 Debt Agreement\"), replacing the Company's previous $2.3 billion unsecured credit facility (the \"2021 Debt Agreement\") and the Company’s previous $250 million unsecured term loan (the “2023 Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/0001492691-25-000051-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300.0 million"},{"label":"Counterparty","value":"Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents"},{"label":"Rate","value":"SOFR plus 1.425%"},{"label":"Maturity","value":"January 8, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"624f8dd0ea0a5f7cf1da808a91beefb49f2b48cf","claim":"Knight-Swift Transportation Holdings Inc. incurred term loan of $700.0 million with Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents at SOFR plus 1.55% maturing July 8, 2030.","evidence_excerpt":"(the \"Company\") entered into a $2.5 billion unsecured credit facility with the lenders thereto, Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents (the \"2025 Debt Agreement\"), replacing the Company's previous $2.3 billion unsecured credit facility (the \"2021 Debt Agreement\") and the Company’s previous $250 million unsecured term loan (the “2023 Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/0001492691-25-000051-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$700.0 million"},{"label":"Counterparty","value":"Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents"},{"label":"Rate","value":"SOFR plus 1.55%"},{"label":"Maturity","value":"July 8, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d53e6c2dc2d764a5732ef7caf6630e7a5d208251","claim":"Knight-Swift Transportation Holdings Inc. incurred revolving credit of $1.5 billion with Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents at SOFR plus 1.55% maturing July 8, 2030.","evidence_excerpt":"The 2025 Debt Agreement includes the following facilities: • $1.5 billion revolving line of credit (the \"2025 Revolver\"), $672.0 million of which was drawn upon the Closing Date, maturing July 8, 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/0001492691-25-000051-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.5 billion"},{"label":"Counterparty","value":"Bank of America, N.A. as Administrative Agent, Swingline Lender, and Issuing Lender and PNC Capital Markets, LLC and Wells Fargo Bank, National Association as Co-Syndication Agents"},{"label":"Rate","value":"SOFR plus 1.55%"},{"label":"Maturity","value":"July 8, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}