WERN•Werner Enterprises entered a $1.1 billion unsecured credit facility on Oct. 5, 2026, replacing its $1.075 billion revolver. The facility matures Oct. 5, 2031, and $465 million was borrowed at a 5.54% weighted average rate.
The new facility includes a $100 million letter-of-credit limit and a $100 million swingline commitment. Werner borrowed $465 million at a 5.54% weighted average rate, based on SOFR plus a 1.50% margin.
Werner repaid and terminated its 2022 credit agreement. Of the new borrowings, $431.7 million covered balances, interest and fees; remaining borrowing capacity totals $603.1 million, net of borrowings and $31.9 million of standby letters of credit.
