---
schema_version: "secwatch.filing_event.v1"
accession: "0001492691-26-000042"
form_type: "8-K"
ticker: "KNX"
cik: "0001492691"
company_name: "Knight-Swift Transportation Holdings Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:03:34.716394+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Knight-Swift closes $1.5B convertible note offering at 1.00% due 2031; proceeds used to repay term loans and revolver

## Summary
- Issued $1.5B total principal of 1.00% Convertible Senior Notes due Nov. 15, 2031; initial conversion price ~$80.11/share (30% premium over $61.62).
- Net proceeds ~$1.46B after discounts/expenses; used $107.1M for capped call with cap price ~$104.75/share to reduce dilution.
- Repaid $300M term loan due 2027, $436M of term loan due 2030, and $620M revolver balance using proceeds.
- Holder conversion triggers include stock price >=130% of conversion price for 20 of 30 trading days, or other conditions.
- Company may redeem notes after May 21, 2029 if stock price >=130% of conversion price for 20 of 30 days.

## SEC filing metadata
- accession: 0001492691-26-000042
- form_type: 8-K
- ticker: KNX
- cik: 0001492691
- company_name: Knight-Swift Transportation Holdings Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492691/000149269126000042/0001492691-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492691/000149269126000042/knx-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492691-26-000042
- JSON: https://secwatch.observer/filing/0001492691-26-000042.json
- Plain text: https://secwatch.observer/filing/0001492691-26-000042.txt

## Source-grounded claims
- claim_id: 573d99195f893f2408f14ed431d9451e9ca9e2a9
  claim: Knight-Swift Transportation Holdings Inc. incurred convertible notes of $1.5 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 1.00% per year maturing November 15, 2031.
  evidence_excerpt: On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269126000042/0001492691-26-000042-index.htm
- claim_id: 25adce9adc7e44b94e84e9b8a1f760127b20addd
  claim: Knight-Swift Transportation Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1.5 billion aggregate principal amount (effective 2026-05-08).
  evidence_excerpt: On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031 (the "Notes"), including the exercise in full of the initial purchasers' option to purchase up to an additional $200.0 million principal amount of the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269126000042/0001492691-26-000042-index.htm

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