---
schema_version: "secwatch.filing_event.v1"
accession: "0001492691-25-000053"
form_type: "8-K/A"
ticker: "KNX"
cik: "0001492691"
company_name: "Knight-Swift Transportation Holdings Inc."
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:01:55.801892+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Knight-Swift enters $2.5B unsecured credit facility, replacing $2.3B revolver and $250M term loan

## Summary
- New facility includes $1.5B revolver ($672M drawn at close), $700M term loan A-1 (maturing July 2030), and $300M term loan A-2 (maturing Jan 2027).
- Interest rates: SOFR+1.55% for revolver and term A-1; SOFR+1.425% for term A-2, each subject to leverage-based grids.
- Proceeds from new loans and $8.4M cash paid off $1.07B outstanding under old 2021 revolver/term loans and $250M 2023 term loan, plus fees.
- Old facilities were scheduled to mature Sept 2026; new facility extends maturities to 2027/2030 with no scheduled principal on revolver or term A-2.

## SEC filing metadata
- accession: 0001492691-25-000053
- form_type: 8-K/A
- ticker: KNX
- cik: 0001492691
- company_name: Knight-Swift Transportation Holdings Inc.
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 1.02, 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492691/000149269125000053/0001492691-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492691/000149269125000053/knx-20250708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492691-25-000053
- JSON: https://secwatch.observer/filing/0001492691-25-000053.json
- Plain text: https://secwatch.observer/filing/0001492691-25-000053.txt

## Key facts
- Debt Financings
  Knight-Swift Transportation Holdings Inc. incurred credit facility of $2.5 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% for the 2025 Revolver and 2025 Term Loan A-1 and SOFR plus 1.425 maturing July 8, 2030 (2025 Revolver and 2025 Term Loan A-1); January 8, 2027 (2025 Term Loan A-2).
  - Instrument: credit facility
  - Principal: $2.5 billion
  - Counterparty: 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
  - Rate: SOFR plus 1.55% for the 2025 Revolver and 2025 Term Loan A-1 and SOFR plus 1.425
  - Maturity: July 8, 2030 (2025 Revolver and 2025 Term Loan A-1); January 8, 2027 (2025 Term Loan A-2)
  - Event: incurrence
  source text: On July 8, 2025 (the "Closing Date"), Knight-Swift Transportation Holdings Inc. (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")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269125000053/0001492691-25-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.