Werner Enterprises signs $1.1 billion unsecured credit facility, replacing 2022 facility
On October 5, 2026, Werner entered into a $1.1 billion unsecured credit facility maturing October 5, 2031, and used it to pay off the $428 million outstanding under its 2022 facility, which had been due December 20, 2027. The company borrowed $465 million at a weighted average rate of 5.54%, and the filing says the new facility removed the 0.10% credit adjustment spread that applied under the old one.
Key points
- New $1.1 billion facility matures October 5, 2031, replacing the $1.075 billion facility dated December 20, 2022
- $465 million drawn at a weighted average rate of 5.54%, based on SOFR plus 1.50%
- As of October 5, 2026, total debt was $840 million; remaining borrowing capacity was $603.1 million
- Facility includes a maximum net funded debt to Covenant Defined EBITDA ratio and a minimum EBITDA to interest expense ratio
The filing
Written by AI on Nov 8, 2026, 6:57 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 October 08, 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.