---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042025"
form_type: "8-K"
ticker: "FWRD"
cik: "0000912728"
company_name: "FORWARD AIR CORP"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:17:06.226729+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forward Air subsidiary secures $1.125B term loan to finance Omni merger, placed in escrow

## Summary
- GN Loanco, LLC obtained $1.125B senior secured term B loans from Citibank; mature Dec 19, 2030.
- Proceeds deposited into escrow; will fund cash consideration and refinance debt if merger closes.
- Interest at SOFR + 4.50% or base rate + 3.50%; 1% annual amortization after merger close.
- If merger not closed by Feb 12, 2024 or terminated, loans subject to special mandatory prepayment.
- Merger (announced Aug 10, 2023) remains subject to ongoing legal proceedings in TN and DE.

## SEC filing metadata
- accession: 0001628280-23-042025
- form_type: 8-K
- ticker: FWRD
- cik: 0000912728
- company_name: FORWARD AIR CORP
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912728/000162828023042025/0001628280-23-042025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912728/000162828023042025/fwrd-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042025
- JSON: https://secwatch.observer/filing/0001628280-23-042025.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042025.txt

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