Results
Covenant Logistics Group Inc.
06/23/2026 | Press release | Distributed by Public on 06/23/2026 15:06
Material Agreement (Form 8-K)
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Item 1.01
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Entry into a Material Definitive Agreement.
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| Effective June 17, 2026, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), and substantially all of its direct and indirect wholly owned subsidiaries, entered into a Joinder, Supplement and Twenty-First Amendment to Third Amended and Restated Credit Agreement (the "Twenty-First Amendment") with Bank of America, N.A., as agent (the "Agent") and lender, and JPMorgan Chase Bank, N.A., as lender, which amended that certain Third Amended and Restated Credit Agreement, dated September 23, 2008, by and among the Company, substantially all of its direct and indirect wholly owned subsidiaries, the Agent, and the lenders from time to time party thereto, as amended from time to time (the "Credit Agreement"). Among other changes, the Twenty-First Amendment: (i) added certain acquired subsidiaries as borrowers; (ii) increased the maximum revolver amount to $130,000,000; (iii) extended the maturity date to June 17, 2031; and (iv) provided additional flexibility for the Company to incur unsecured debt. The foregoing summary of the terms and conditions of the Twenty-First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Twenty-First Amendment, a copy of which will be filed with the Company's Quarterly Report on Form 10-Q for the quarter ending June 30, 2026. | |
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