ArcBest extends receivables loan facility to July 2025, adds GTA Funding as lender

ARCBEST CORP /DE/

Facility termination date extended from July 1, 2024 to July 1, 2025 via third amendment.
GTA Funding LLC added as Conduit Lender; TD Bank appointed as its Facility Agent.
Concentration limits on receivables obligors modified; definitions of Default Ratio, Dilution Spike Rate, etc. updated.
No loans outstanding as of June 12, 2024; $16.9M in standby letters of credit issued under the facility.
Loans secured by accounts receivable; interest based on SOFR or CP Rate plus margin.

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