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Saia, Inc. Doubles Borrowing Capacity to $600 million with Amended Credit Facility
Contract Type
contract
Johns CreekTransportationLogisticsDescription
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.