Knight-Swift Transportation Holdings Inc. announced a new $2.5 billion unsecured credit facility on July 8, replacing its prior credit agreement. The new facility includes a $1.5 billion revolving credit line, $700 million term loan due July 2030, and $300 million term loan due January 2027. Interest rates are linked to SOFR plus a leverage-based margin. The company’s total debt is $3.21 billion with a current ratio of 0.88. On Monday, KNX closed at $46.78, 1.08% lower on the NYSE. The stock is currently trading near its fair value.

Read more at NASDAQ: Knight-Swift Secures $2.5 Bln Credit Facility, Replacing Previous Agreements