secwatch.observer — SEC 8-K summary
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Issuer:     Schneider National, Inc. (SNDR)
CIK:        0001692063
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001692063-22-000178
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schneider National enters $250M credit facility, matures 2027, with $150M accordion
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- New $250M Credit Agreement dated Nov 4, 2022, matures Nov 4, 2027; can be increased by up to $150M to $400M total.
- Includes $100M sublimit for letters of credit; interest rate based on Prime, Fed Funds, or SOFR plus margin tied to net debt coverage ratio.
- Prior $250M facility (Aug 2018) terminated same day with no outstanding borrowings.
- Guarantors include Schneider and certain subsidiaries; JPMorgan Chase Bank acts as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692063/000169206322000178/0001692063-22-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692063/000169206322000178/sndr-20221104.htm
  HTML page:      https://secwatch.observer/filing/0001692063-22-000178

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer