Loan & DebtJun 23, 2026, 05:12 PM
Covenant Logistics Ups Revolver to $130M, Extends Maturity to 2031
AI Summary
Covenant Logistics Group, Inc. amended its Third Amended and Restated Credit Agreement, effective June 17, 2026. The Twenty-First Amendment increased the maximum revolving credit facility to $130 million and extended its maturity date to June 17, 2031. This amendment also added acquired subsidiaries as borrowers and provided greater flexibility for the company to incur unsecured debt.
Key Highlights
- Increased maximum revolver amount to $130,000,000.
- Extended the credit agreement's maturity date to June 17, 2031.
- Added certain acquired subsidiaries as borrowers to the agreement.
- Provided additional flexibility for the company to incur unsecured debt.
Price Impact
More from CVLG