Knight-Swift Transportation将提供10亿美元的可转换优先票据

2026-05-05 21:39

Knight-Swift Transportation (KNX) plans to offer $1B of convertible senior notes due 2031 in a private placement.
The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150M of the notes.
The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
Knight-Swift expects to use the net proceeds from the offering to pay the cost of the capped call transactions, to repay all $300M principal amount outstanding under its term loan due 2027, to repay $400M of the $700M principal amount outstanding under its term loan due 2030 and, to the extent of any remaining proceeds, to repay a portion of the principal amount outstanding under its revolving line of credit.

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