secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001558370-24-009210
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837024009210/0001558370-24-009210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837024009210/arcb-20240612x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009210

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