secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001492691-25-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/0001492691-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269125000051/knx-20250708.htm
  HTML page:      https://secwatch.observer/filing/0001492691-25-000051

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