MARTEN TRANSPORT LTD (MRTN) Form 8-K — Aug 25, 2026
Marten Transport, Ltd. entered into a Second Amendment to its Credit Agreement on August 19, 2026, which extends its unsecured revolving credit facility until August 19, 2031, increases the letter-of-credit sublimit from $35 million to $50 million, and updates applicable margins for Term SOFR advances. The facility, originally a five-year $30 million unsecured revolver arranged with U.S. Bank National Association in August 2022, now carries a maximum aggregate principal capacity of $100 million, reduced from the $105 million level set by the June 2026 First Amendment.
Key figures
- Debt Amount
- up to $50 million (Second Amended and Restated Revolving Note)
- Maturity Date
- August 19, 2031
- Facility type
- unsecured revolving credit facility
- First amendment date
- June 12, 2026
- Second amendment date
- August 19, 2026
- Letter of credit sublimit
- $50 million (increased from $35 million)
- Original revolver capacity
- up to $30 million unsecured revolving credit facility (August 2022)
- Facility increase increment
- $5 million
- Maximum aggregate principal
- $100 million (decreased from $105 million under First Amendment)
Price after filing
Close on the filing date to close N calendar days later (from $14.49). Historical, not a forecast.
AI analysis
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