Landstar amends credit agreement, $300 million revolver now maturing June 2031
On June 30, 2026, Landstar System and its subsidiary Landstar System Holdings entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank as administrative agent. The revolving credit facility is set at an initial $300 million, with a termination date of June 30, 2031, and no borrowings were outstanding under the agreement as of that date. The filing also sets covenant limits on additional debt and leases, and minimum interest coverage and maximum net leverage ratios tested each fiscal quarter.
Key points
- Revolving credit facility with an initial aggregate principal amount of $300 million
- Uncommitted accordion feature permits up to an additional $500 million in increases
- Facility termination date set at June 30, 2031; no outstanding borrowings as of June 30, 2026
- Event of default if a person or group acquires 35% or more of outstanding capital stock
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 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 July 06, 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.