Loan & DebtJun 18, 2026, 04:07 PM
Marten Transport Increases Credit Facility to $105M
AI Summary
Marten Transport, Ltd. entered into the First Amendment to its Credit Agreement with U.S. Bank National Association, effective June 12, 2026. This amendment increases the sublimit for the issuance of letters of credit from $30 million to $35 million. Additionally, it raises the maximum aggregate principal amount of the revolving credit facility from $100 million to $105 million, providing the company with enhanced financial flexibility for general business and working capital needs.
Key Highlights
- Marten Transport increased its letter of credit sublimit from $30 million to $35 million.
- The maximum aggregate principal amount of the revolving credit facility was raised from $100 million to $105 million.
- The First Amendment to Credit Agreement was dated June 12, 2026.
- The original credit agreement, dated August 16, 2022, provided for a five-year unsecured revolving credit facility of up to $30 million.
- Funds from the credit facility are available for general business and working capital purposes.
Price Impact
More from MRTN