debt
confidence high
sentiment neutral
materiality 0.35
Schneider National boosts revolving credit facility to $350M, extends maturity to 2031
Schneider National, Inc.
- On Sept 10, 2026, subsidiary Schneider National Leasing entered a $350M revolving credit facility with JPMorgan Chase as admin agent, replacing its $250M facility.
- New facility matures Sept 10, 2031, unless term loan not extended/refinanced/refinanced by Nov 22, 2029 (then Maturing Nov 22, 2029).
- Facility includes $100M letter-of-credit sublimit and allows borrower to request up to $350M increase, for total potential commitments of $700M.
- Existing $250M credit facility (dated Nov 4, 2022) terminated effective Sept 10, 2026; no outstanding borrowings at termination.
- Term Loan Agreement (Nov 22, 2024, maturing Nov 22, 2029) amended to conform covenants to the new facility.