Knight-Swift signs $575 million receivables sale facility, replacing prior financing deal
On December 31, 2025, Knight-Swift unit Swift Receivables Company II entered a new receivables purchase agreement with a $575.0 million facility limit, administered by PNC Bank, and used it to repay the remaining borrowings under its prior receivables financing and terminate that agreement. The company expects the change, which treats the arrangement as a sale of receivables rather than a secured financing, to reduce its expenses. The filing also reports that Soumit Roy was named general counsel and corporate secretary on December 31, 2025, succeeding Todd Carlson.
Key points
- New facility limit for eligible receivables: $575.0 million, entered December 31, 2025
- Prior receivables financing agreement, last amended October 1, 2025, was replaced and terminated
- Company expects the new structure, treated as a sale of receivables, to reduce its expenses
- PNC Bank, National Association is administrator; Soumit Roy named general counsel, reporting to CEO Adam Miller
The filing
Written by AI on Nov 8, 2026, 1:17 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 January 02, 2026.
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.