secwatch.observer — SEC 8-K summary
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Issuer:     Schneider National, Inc. (SNDR)
CIK:        0001692063
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001692063-23-000115
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692063/000169206323000115/0001692063-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692063/000169206323000115/sndr-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001692063-23-000115

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