---
schema_version: "secwatch.filing_event.v1"
accession: "0001692063-23-000115"
form_type: "8-K"
ticker: "SNDR"
cik: "0001692063"
company_name: "Schneider National, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:54:55.364029+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Schneider National amends $150M receivables facility; replaces LIBOR with SOFR-based benchmark

## Summary
- Amendment dated June 1, 2023; replaces one-month USD LIBOR with Adjusted Term SOFR (SOFR + 0.10% credit spread).
- Facility limit remains $150 million; other material terms of the receivables purchase agreement unchanged.
- Includes benchmark replacement provisions if Term SOFR is unavailable or ceases; also adopts conforming changes.
- Parties: Schneider Receivables (seller), Schneider National (servicer), Wells Fargo (agent/L/C issuer), PNC Bank as purchaser.

## SEC filing metadata
- accession: 0001692063-23-000115
- form_type: 8-K
- ticker: SNDR
- cik: 0001692063
- company_name: Schneider National, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000115/0001692063-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000115/sndr-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692063-23-000115
- JSON: https://secwatch.observer/filing/0001692063-23-000115.json
- Plain text: https://secwatch.observer/filing/0001692063-23-000115.txt

## Key facts
- Material Agreements
  Schneider National, Inc. amended 2023 Amendment with Wells Fargo Bank, N.A., as administrative agent and letter of credit issuer, and the purchasers party thereto valued at $150 million (effective 2023-06-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, N.A., as administrative agent and letter of credit issuer, and the purchasers party thereto
  - Value: $150 million
  - Effective: 2023-06-01
  source text: On June 1, 2023, Schneider Receivables Corporation (the “Seller”), a wholly-owned subsidiary of Schneider National, Inc. (“Schneider”), entered into Amendment No. 4 (the “2023 Amendment”) to its Amended and Restated Receivables Purchase Agreement (as so amended, the “2023 Receivables Purchase Agreement”), among the Seller, as seller, Schneider, as the servicer, Wells Fargo Bank, N.A. (the “Administrative Agent”), as administrative agent and letter of credit issuer, and the purchasers party thereto, relating to the Seller’s $150 million secured accounts receivable facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000115/0001692063-23-000115-index.htm

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