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Saia, Inc. Doubles Borrowing Capacity to $600 million with Amended Credit Facility

Dec 10, 20247 months ago

Contract Type

contract

Johns CreekLogisticsTransportation

Description

Saia, Inc., a leading transportation provider, announced the closure of an amendment to its unsecured revolving credit facility, increasing its borrowing capacity from $300 million to $600 million. The amendment also extends the maturity of the existing credit facility to December 2029, providing increased capacity to fuel growth and pursue strategic opportunities. Saia's Executive Vice President and CFO, Matthew Batteh, expressed gratitude for the strong partnership with the bank group and emphasized the amendment's role in strengthening the company's financial position and delivering value to its shareholders.

Company Information

Company

Saia

Location

Johns Creek, Georgia, United States

About

Saia, Inc. (NASDAQ: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Johns Creek, Georgia, Saia LTL Freight operates 198 terminals across the U.S. and employs over 14,000 people nationwide. Saia LTL Freight has been recognized by the American Trucking Associations Safety Management Council for its outstanding safety record. For more information on Saia, Inc., visit saia.com.

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