secwatch.observer — SEC 8-K summary
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Issuer:     Schneider National, Inc. (SNDR)
CIK:        0001692063
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001692063-23-000166
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692063/000169206323000166/0001692063-23-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692063/000169206323000166/sndr-20230830.htm
  HTML page:      https://secwatch.observer/filing/0001692063-23-000166

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