Landstar refinances credit facility, extends maturity to 2031 with $300M capacity

Filed July 6, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• medium

  Entered new $300M revolving credit facility maturing June 30, 2031, with accordion feature allowing up to $500M in additional capacity. No borrowings outstanding at closing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• low

  Agreement includes standard financial covenants requiring minimum interest coverage ratio and maximum net leverage ratio, tested quarterly.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• low

  Change-of-control provisions trigger default if any party acquires 35%+ of stock or gains power to elect majority of directors.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →