Marten Transport amends U.S. Bank-led credit agreement, extends maturity to 2031 - MRTN News | RalliesMarten Transport amends U.S. Bank-led credit agreement, extends maturity to 2031
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MRTN• Credit agreement amended and maturity extended
- Marten Transport amended its revolving credit agreement with U.S. Bank National Association, extending the facility’s term to Aug. 19, 2031.
- The letter-of-credit sublimit was raised to $50 million from $35 million.
- The maximum aggregate principal amount was cut to $100 million from $105 million.
- Applicable margins were updated for Term SOFR advances.
- The Second Amended and Restated Revolving Note was set at up to $50 million.
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