Schneider National, Inc.

$350m committed across 1 active facility, next covenant test Sep 30, 2026. SNDR

Trucking (No Local)

Recent changes

  1. Sep 16, 2026Schneider National, Inc. signs $350m CREDIT AGREEMENT, matures Sep 2031SEC ↗

Net leverage: when the limit steps, and which way the company's ratio has been moving.

4.00x1.83x-0.34x
Tested quarterly95.4%ratio 0.16x, estimated, vs 3.50x limit in force at Jun 30, 20263.50x
The Parent shall not permit the Consolidated Net Debt Coverage Ratio to be greater than 3.50 to 1.00
Read the filing on sec.gov ↗
Tested springing693.6%ratio 19.84x, estimated, vs 2.50x limit in force at Jun 30, 20262.50x

Springing: At such time as the Parent or any of its Subsidiaries are no longer bound by a consolidated net worth or similar covenant contained in any Material Indebtedness.

the Parent shall not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured$1.99bn

Springing: For so long as the Parent or any of its Subsidiaries are bound by a consolidated net worth or similar covenant contained in any Material Indebtedness.

the Parent shall not permit Consolidated Net Worth at any time to be less than the sum of $1,988,582,500 plus 50% of positive Consolidated Net Income as of the end of each fiscal quarter
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Sep 10, 2026

Committed
$350m
Matures
Sep 2031
Agent
JPMorgan Chase Bank, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$350mSep 2031100–175 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level I≥ 3.00:1.00175 bps23 bps
Level II< 3.00:1.00 but ≥ 2.00:1.00150 bps18 bps
Level III< 2.00:1.00 but ≥ 1.00:1.00125 bps13 bps
Level IV< 1.00:1.00100 bps10 bps

Lenders: JPMorgan Chase Bank, N.A., BofA Securities, Inc., PNC Capital Markets LLC

No amendments on file yet.

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