Business
Knight-Swift Transportation Holdings Inc. Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
PHOENIX, May 05, 2026--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the "Company" or "Knight-Swift"), one of North America’s largest and most diversified freight transportation companies, announced today that it intends to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") only to persons reasonably believed to be "qualified institutional buyers" pursuan
About this update from Knight-swift Transportation Holdings Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2641,"height":424,"url":"https://media.zenfs.com/en/business-wire.com/f2ee083865db721e6b1f27d3999bdfdd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nem_bPXS9GiMo735H6ULng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE1NA--/https://media.zenfs.com/en/business-wire.com/f2ee083865db721e6b1f27d3999bdfdd","width":960,"height":154},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/B9gPXy9fwVLtTDbkNcN1Ig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zODY-/https://media.zenfs.com/en/business-wire.com/f2ee083865db721e6b1f27d3999bdfdd","width":1200,"height":193}},"lazy":false},{"type":"text","content":"PHOENIX, May 05, 2026--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the "Company" or "Knight-Swift"), one of North America’s largest and most diversified freight transportation companies, announced today that it intends to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Knight-Swift also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150.0 million aggregate principal amount of the notes.","length":928,"tagName":"p"},{"type":"text","content":"The notes will be general senior unsecured obligations of Knight-Swift and will accrue interest payable semiannually in arrears. Upon conversion, Knight-Swift will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of Knight-Swift’s common stock or a combination of cash and shares of Knight-Swift’s common stock, at Knight-Swift’s election, in respect of the remainder, if any, of Knight-Swift’s conversion obligation in excess of the aggregate principal amount of the notes being converted. The interest rate, initial conversion rate and other terms of the notes will be determined a...