Knight-Swift Transportation Holdings Inc. Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
Knight-Swift Transportation announced a proposed private placement of $1.0 billion in Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $150.0 million. The company intends to use the net proceeds to fund capped call transactions, fully repay its $300 million term loan due 2027, and repay $400 million of its term loan due 2030, with any remainder reducing revolver debt.
Key figures
- Deal Value Usd
- 1000000000
- Option amount
- $150.0 million
- Term loan repayment 2027
- $300 million
- Term loan repayment 2030
- $400 million
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