ArcBest Corporation, through its wholly-owned subsidiary ArcBest Funding LLC, has amended its existing Receivables Loan Agreement. The fourth amendment, effective July 1, 2025, extends the facility termination date from July 1, 2025, to July 1, 2026. This facility, originally established on June 9, 2021, involves multiple financial institutions including The Toronto-Dominion Bank as the letter of credit issuer and Regions Bank among the lenders. The loans under this facility are secured by a lien on the Borrower's accounts receivable, and bear interest based on SOFR or the CP Rate plus a margin. This agreement allows ArcBest to continue leveraging its receivables for financial flexibility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ArcBest Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-008693), on June 17, 2025, and is solely responsible for the information contained therein.