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AI brief of an SEC Form 8-K · Knight-Swift (KNX)

Knight-Swift closes $1.5 billion convertible notes offering due 2031

Neutral Impact 4 of 5 financing Written later

Knight-Swift completed a private offering of $1.5 billion of 1.00% convertible senior notes due November 15, 2031, including $200 million from an option that the initial purchasers exercised in full. The company plans to use the proceeds to repay term loans and part of its revolving credit line, and it paid about $92.8 million for capped call transactions meant to reduce potential dilution from conversion.

Key points

  • $1.5 billion principal, including $200 million option exercised in full; closed May 8, 2026
  • Initial conversion price of about $80.11 per share, a 30% premium to the $61.62 close on May 5, 2026
  • Proceeds to repay $300 million term loan due 2027, $400 million of the 2025 Term Loan A-1, and part of the revolver
  • Company may not redeem the notes before May 21, 2029

The filing

CompanyKnight-Swift (KNX)
Form8-K, current report
Filed with the SECMay 8, 2026, 4:23 PM ET
Accession number0001492691-26-000042

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits 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 May 08, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.