Knight-Swift Transportation Holdings Inc.
Knight-Swift Amends Credit Facility and Declares Quarterly Dividend
Summary
Knight-Swift Transportation Holdings Inc. amended its credit facility to extend the maturity date of its term loan A-2 from September 3, 2024, to September 3, 2026, and increased the size of the term loan A-2 from $200 million to $350 million. The Company's board of directors declared a quarterly cash dividend of $0.16 per share of common stock, payable on September 23, 2024, to stockholders of record as of September 6, 2024.
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About Knight-Swift Transportation Holdings Inc.
Knight-Swift Transportation Holdings Inc. is a prominent player in the North American trucking and transportation industry. As a holding company, it operates through multiple segments including Trucking, Logistics, and Intermodal services, providing a comprehensive array of transportation solutions. The primary focus of Knight-Swift is to offer reliable and efficient freight movement services across various industries, optimizing supply chains and meeting the logistical needs of businesses. Notable features of the company include its vast fleet of trucks and trailers, advanced logistics technology, and commitment to safety and sustainability practices. The company facilitates a seamless flow of goods, thereby playing a pivotal role in the economy by supporting commerce and industry operations. Knight-Swift’s strategic acquisition approach has expanded its market presence, making it one of the largest trucking companies in the United States. Its operations are crucial in maintaining efficient transportation infrastructures, underscoring its significance in a dynamic and essential sector of the financial market.
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