Werner Enterprises signs USD 1.1 billion unsecured credit facility maturing 2031
Bitget2026/10/08 20:07Werner Enterprises entered a USD 1.1 billion unsecured credit facility on Oct. 5, 2026, replacing its USD 1.075 billion revolver. New facility matures Oct. 5, 2031; includes USD 100 million letter-of-credit limit and USD 100 million swingline commitment. USD 465 million was borrowed at a 5.54% weighted average rate, based on SOFR plus a 1.50% margin. Prior 2022 credit agreement was repaid and terminated; USD 431.7 million of new borrowings covered balances, interest, fees. Remaining borrowing capacity totals USD 603.1 million, net of borrowings and USD 31.9 million of standby letters of credit. 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. Werner Enterprises Inc. 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: 0000793074-26-000159), on October 08, 2026, and is solely responsible for the information contained therein.
- Werner Enterprises entered a USD 1.1 billion unsecured credit facility on Oct. 5, 2026, replacing its USD 1.075 billion revolver.
- New facility matures Oct. 5, 2031; includes USD 100 million letter-of-credit limit and USD 100 million swingline commitment.
- USD 465 million was borrowed at a 5.54% weighted average rate, based on SOFR plus a 1.50% margin.
- Prior 2022 credit agreement was repaid and terminated; USD 431.7 million of new borrowings covered balances, interest, fees.
- Remaining borrowing capacity totals USD 603.1 million, net of borrowings and USD 31.9 million of standby letters of credit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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