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Kirby (KEX) Expands Revolver to 2031 Is Its Capital Allocation Playbook Quietly Shifting?
In March 2026, Kirby Corporation entered into an amended and restated credit agreement with JPMorgan and other lenders, extending its revolving credit facility to US$750,000,000 through March 2031 while refinancing existing debt, funding vessel equipment purchases, and supporting share repurchases.
This expanded, longer-dated revolving facility, with scope to add up to an additional US$500,000,000 in commitments, gives Kirby greater balance sheet flexibility while retaining covenant limits...