NYSE:KNXTransportation
How Knight-Swift's (KNX) New $2.5B Credit Facility Could Reshape Its Margin Expansion Ambitions
In the past week, Knight-Swift Transportation Holdings Inc. announced it secured a new US$2.5 billion unsecured credit facility extending maturities to 2030, refinancing prior debt under improved terms and consolidating its borrowings.
This move enhances the company's financial flexibility at a time when management pointed to both short-term challenges in certain segments and strong expectations for long-term profit growth.
We’ll explore how the new credit facility could affect...