Hub Group signs $450 million credit agreement, replacing its 2022 facility
Hub Group entered a $450 million revolving credit agreement with Bank of Montreal as administrative agent on June 20, 2025, and terminated its 2022 credit agreement the same day after repaying all outstanding borrowings under it. The new facility matures June 20, 2030, and can be increased by up to $300 million if conditions are met, giving the company updated borrowing capacity on the filing's stated terms.
Key points
- Revolving credit facility of $450 million, maturing June 20, 2030, with sublimits of $75 million for letters of credit and $15 million for swingline loans
- Borrowings bear interest at Term SOFR plus 100.0 to 175.0 basis points, or base rate plus 0.0 to 75.0 basis points, based on the Total Net Leverage Ratio
- Covenants require a Total Net Leverage Ratio of no more than 3.00 to 1.00 and interest coverage of at least 3.00 to 1.00
- The 2022 Credit Agreement was terminated with no early termination penalties reported; the company stated the new facility may be used for permitted acquisitions, working capital, capital expenditures and general corporate purposes
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.