Landstar System entered into a Third Amended and Restated Credit Agreement providing a $300 million unsecured revolving credit facility with an uncommitted accordion feature for up to an additional $500 million. The facility, which matures on June 30, 2031, includes customary covenants, including minimum interest coverage and maximum net leverage ratios tested quarterly, and change-of-control provisions. As of June 30, 2026, there were no borrowings outstanding. The agreement enhances the company’s financial flexibility for general corporate purposes.
Agreement details:
- Agreement type: Third Amended and Restated unsecured revolving credit facility
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Through Jun 30 2031
- Reason: Enhance liquidity and financial flexibility for operations and acquisitions
Original SEC Filing:
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