secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K/A
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001492691-25-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 1.02, 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269125000053/0001492691-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269125000053/knx-20250708.htm
  HTML page:      https://secwatch.observer/filing/0001492691-25-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer