Schneider National enters USD 350 million revolving credit facility, replacing USD 250 million line

SNDR•2026-09-16

Schneider National Leasing entered a USD 350 million revolving credit facility with JPMorgan Chase as administrative agent on Sept. 10, 2026.
The facility replaces a USD 250 million revolver signed in 2022, which was terminated with no borrowings outstanding.
Maturity is set for Sept. 10, 2031, with a potential step-up to USD 700 million total commitments.
A USD 100 million letter-of-credit sublimit is included; pricing is tied to base rate or term SOFR plus a leverage-based margin.
The term loan due Nov. 22, 2029 was amended to align covenants with the new revolver.

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