Form 8-K · Current report
C.H. Robinson 8-K, filed Nov 4, 2026
- Filed
- CIK
- 0001043277
- Accession no.
- 0001043277-26-000047
Summary
C.H. Robinson Worldwide amended its revolving credit agreement and note purchase agreement, extending the revolver maturity to October 31, 2031, raising revolving commitments to $1.25 billion, increasing the accordion to $625 million and allowing a third leverage holiday, with terms adjusted to accommodate its pending acquisition of RXO, Inc. A portion of the bridge facility backstop commitments from Morgan Stanley Senior Funding was terminated and related backstop fees reduced.
Key points
- The amendment extends the revolving credit facility maturity from November 19, 2027 to October 31, 2031 and raises aggregate revolving commitments from $1.0 billion to $1.25 billion, with the letter of credit sublimit increasing from $50 million to $150 million.
- The accordion facility increases from $500 million to $625 million, permitted Leverage Holidays rise from two to three, and monetary judgment and material indebtedness thresholds increase from $125 million to $200 million.
- Interest rate margins (0.75% to 1.375% over Term SOFR or the applicable benchmark) and commitment fees (0.07% to 0.15%) are unchanged, with ESG-related provisions and adjustments removed.
- The NPA Amendment conforms note covenants to the credit agreement and, during a Leverage Holiday, adds 0.75% per annum to note interest if the leverage ratio exceeds 3.75 to 1.00 and 1.25% if it exceeds 4.00 to 1.00.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On November 2, 2026, C.H. Robinson Worldwide, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its existing credit agreement with a group of lenders led by U.S. Bank National Association (as previously amended, the “Existing Credit Agreement”, and as amended by the Amendment, the “Credit Agreement”). The Amendment, among other things, (i) extends the maturity date of the revolving credit facility under the Existing Credit Agreement from November 19, 2027 to October 31, 2031, (ii) increases the aggregate revolving commitments under the Existing Credit Agreement from $1.0 billion to $1.25 billion, which includes an…
An excerpt of the text as filed with the SEC, cut for length.
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