Schneider National expands secured receivables facility to $400 million, extends to 2029

Bitget2026/10/02 20:08

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Schneider National amended its secured accounts receivable facility, lifting available commitments to $400 million from $200 million.
Wells Fargo serves as administrative agent, letter of credit issuer for the amended receivables purchase agreement signed Sept. 30, 2026.
Letter of credit sublimit increased to $250 million from $150 million.
Maturity extended to Sept. 28, 2029.
Borrowings priced off 1-month Term SOFR; eligibility criteria for trade receivables adjusted to increase availability.

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. Schneider National 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: 0001692063-26-000049), on October 02, 2026, and is solely responsible for the information contained therein.

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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Schneider National expands secured receivables facility to $400 million, extends to 2029

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