---
schema_version: "secwatch.filing_event.v1"
accession: "0001692063-23-000166"
form_type: "8-K"
ticker: "SNDR"
cik: "0001692063"
company_name: "Schneider National, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:35:23.027734+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Schneider National subsidiary issues $50M in 5.63% senior notes due 2028

## Summary
- Schneider National Leasing issued $50M of 5.63% senior notes due August 30, 2028 to affiliates of PGIM.
- Notes are unsecured senior obligations, prepayable at option of issuer, subject to make-whole amount.
- Proceeds used for general corporate purposes, including repayment of existing debt.
- Parent Schneider National and subsidiary guarantors provide guarantees; covenants include max debt/EBITDA and minimum net worth.
- Uncommitted shelf facility permits up to $200M total; $150M additional availability but Prudential has no obligation.

## SEC filing metadata
- accession: 0001692063-23-000166
- form_type: 8-K
- ticker: SNDR
- cik: 0001692063
- company_name: Schneider National, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000166/0001692063-23-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000166/sndr-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692063-23-000166
- JSON: https://secwatch.observer/filing/0001692063-23-000166.json
- Plain text: https://secwatch.observer/filing/0001692063-23-000166.txt

## Key facts
- Debt Financings
  Schneider National, Inc. incurred senior notes of $50 million with certain affiliates of PGIM, Inc. at 5.63% maturing will mature on August 30, 2028.
  - Instrument: senior notes
  - Principal: $50 million
  - Counterparty: certain affiliates of PGIM, Inc.
  - Rate: 5.63%
  - Maturity: will mature on August 30, 2028
  - Event: incurrence
  source text: On August 30, 2023, Schneider National Leasing, Inc. (the “Issuer”), a wholly-owned subsidiary of Schneider National, Inc. (“Schneider”), issued and sold to certain affiliates of PGIM, Inc. (“Prudential”) $50 million in aggregate principal amount of the Issuer’s 5.63% Series 2023A Senior Notes Due August 30, 2028 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692063/000169206323000166/0001692063-23-000166-index.htm

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