Saia amends credit agreement, raising commitments to $600 million and extending maturity to 2029
Saia and certain subsidiaries signed Amendment No. 2 to their credit agreement on December 9, 2024. The amendment increases total commitments by $300 million to $600 million, expands the accordion feature to $300 million, and extends the maturity date from February 3, 2028 to December 9, 2029. For shareholders, the filing describes a larger, longer-dated credit facility with revised borrowing costs tied to the company's leverage ratio.
Key points
- Aggregate commitments rise by $300 million to $600 million.
- Accordion feature expands from $150 million to $300 million, subject to conditions and lender commitments.
- Maturity extended from February 3, 2028 to December 9, 2029.
- Term SOFR loan margin now 1.25% to 2.00%; unused fee now 0.175% to 0.30%, both based on the net lease adjusted leverage ratio.
The filing
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 December 10, 2024.
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.