Knight-Swift Enters New $2.5B Credit Facility

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entered into a new $2.5 billion unsecured credit facility, replacing its previous credit agreements. The new facility includes a $1.5 billion revolving line of credit, a $700 million term loan maturing in 2030, and a $300 million term loan maturing in 2027. The existing $2.3 billion credit facility and a $250 million term loan were terminated on the same day. The new agreement includes financial covenants and restrictions similar to the previous agreements.

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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.