secwatch / observer
8-K filed November 7, 2022, 6:59 PM ET ticker SNDR CIK 0001692063
debt confidence high sentiment neutral materiality 0.40

Schneider National, Inc. (SNDR): debt financing — Schneider National enters $250M credit facility, matures 2027, with $150M accordion

Schneider National, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Schneider National, Inc. incurred credit facility of $250 million with JPMorgan Chase Bank, N.A., as administrative agent at Prime Rate, Federal Funds Effective Rate, or SOFR plus 0.10% plus applicable mar maturing November 4, 2027.

Instrument
credit facility
Principal
$250 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
Prime Rate, Federal Funds Effective Rate, or SOFR plus 0.10% plus applicable mar
Maturity
November 4, 2027
Event
incurrence
Exact text from the filing
On November 4, 2022, Schneider National Leasing, Inc. (the “Borrower”), a wholly-owned subsidiary of Schneider National, Inc. (“Schneider”), entered into a $250 million Credit Agreement among the Borrower, Schneider, and certain other subsidiaries of Schneider (as guarantors), the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “2022 Credit Facility”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Schneider National, Inc. terminated Credit Agreement valued at $250 million (effective 2022-11-04).

Action
termination
Agreement
credit facility
Value
$250 million
Effective
2022-11-04
Exact text from the filing
(“Schneider”), entered into a $250 million Credit Agreement among the Borrower, Schneider, and certain other subsidiaries of Schneider (as guarantors), the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “2022 Credit Facility”) and terminated its existing $250 million Credit Agreement dated as of August 6, 2018 (the “Existing Credit Facility”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Schneider National, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders valued at $250 million (effective 2022-11-04).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A. and other lenders
Value
$250 million
Effective
2022-11-04
Exact text from the filing
On November 4, 2022, Schneider National Leasing, Inc. (the “Borrower”), a wholly-owned subsidiary of Schneider National, Inc. (“Schneider”), entered into a $250 million Credit Agreement among the Borrower, Schneider, and certain other subsidiaries of Schneider (as guarantors), the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “2022 Credit Facility”)
View on SEC.gov

12 debt financings filed in the last 30 days. Browse all debt financings →

Schneider National, Inc. filing history →

Source: SEC EDGAR
accession 0001692063-22-000178
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