Schneider National, Inc. — Form 8-K
Filed September 16, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Schneider National Leasing, Inc. (borrower) and parent Schneider National, Inc. entered into a new $350,000,000 revolving credit agreement dated September 10, 2026, with JPMorgan Chase Bank, N.A. as administrative agent and Bank of America, N.A., PNC Bank, N.A., Wells Fargo Bank, N.A., and Associated Bank, N.A. as co-agents. The facility matures September 10, 2031 (or November 22, 2029 if prior term loan not extended), replacing the prior November 2022 credit agreement. Terms include commitment fees (10.0–22.5 bps), interest at SOFR plus spreads (100–175 bps), $100M LC sublimit, $40M swingline, and standard financial covenants. Four guarantors (parent and three subsidiaries) provide full recourse. No material changes in terms or borrowing base disclosed; filing is routine renewal documentation.
Why this rating
Routine refinancing of existing credit facility at same $350M size. No material economic change, no M&A, no covenant tightening disclosed. Boilerplate syndicated credit agreement.
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