On September 30, 2026, Schneider National's subsidiary, Schneider Receivables Corporation, entered into Amendment No. 7 to its secured accounts receivable facility with Wells Fargo Bank. The amendment increases the available borrowing commitments from $200 million to $400 million and raises the letter of credit sublimit from $150 million to $250 million. Additionally, the agreement extends the termination date to September 28, 2029, and adjusts eligibility criteria for trade accounts receivables to enhance facility availability. This financing arrangement allows the subsidiary to borrow against qualifying receivables based on Term SOFR rates. Schneider National operates in the transportation industry, providing truckload freight services and logistics solutions.
