Knight-Swift Transportation Holdings Inc. has entered into a new $2.5 billion unsecured credit facility, effective July 8, 2025. This agreement, known as the 2025 Debt Agreement, involves Bank of America, N.A. as the Administrative Agent, Swingline Lender, and Issuing Lender, with PNC Capital Markets, LLC and Wells Fargo Bank, National Association acting as Co-Syndication Agents. The new facility replaces the company's previous $2.3 billion unsecured credit facility and the $250 million term loan, both of which were terminated upon the new agreement's initiation. The 2025 Debt Agreement includes a $1.5 billion revolving line of credit, with $672 million drawn on the closing date, set to mature on July 8, 2030. Proceeds from the new loans, along with cash on hand, were used to settle the outstanding balances and associated fees from the previous agreements.
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