secwatch.observer — SEC 8-K summary
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Issuer:     Schneider National, Inc. (SNDR)
CIK:        0001692063
Form:       8-K
Filed at:   2026-10-02T20:05:29+00:00
Accession:  0001692063-26-000049
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Schneider National amends receivables facility, raising commitments to $400M and extending maturity to September 2029
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- Schneider Receivables Corp. raised available commitments under its receivables purchase agreement from $200M to $400M, effective September 30, 2026.
- The LC sublimit increased from $150M to $250M, and the scheduled termination date was extended to September 28, 2029.
- Borrowings are priced off one-month Term SOFR; the facility is secured by qualifying trade receivables and includes standby letters of credit.
- Wells Fargo Bank, N.A. is administrative agent and LC issuer; PNC Bank is a purchaser. A Sixth Amended and Restated Fee Letter was signed the same date.
- Eligibility criteria for trade receivables were adjusted to increase availability; covenants include minimum consolidated net worth and net debt/interest coverage ratios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692063/000169206326000049/0001692063-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692063/000169206326000049/sndr-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001692063-26-000049

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