Financing ·
Werner Enterprises refinances $1.1B credit facility, borrows $465M at 5.54% rate
WERNWerner Enterprises Inc
Werner Enterprises entered into a new $1.1 billion unsecured revolving credit facility maturing in October 2031, replacing its previous $1.075 billion agreement. The company immediately borrowed $465 million under the new facility at a weighted average interest rate of 5.54% and used $431.7 million to pay off the outstanding balance on the prior credit agreement. Remaining borrowing capacity stands at approximately $603 million for working capital, acquisitions, and general corporate purposes. Werner Enterprises operates in the transportation and logistics industry.