ArcBest Corporation, through its wholly-owned subsidiary ArcBest Funding LLC, has amended its existing Receivables Loan Agreement. The fourth amendment, effective July 1, 2025, extends the facility termination date from July 1, 2025, to July 1, 2026. This facility, originally established on June 9, 2021, involves multiple financial institutions including The Toronto-Dominion Bank as the letter of credit issuer and Regions Bank among the lenders. The loans under this facility are secured by a lien on the Borrower's accounts receivable, and bear interest based on SOFR or the CP Rate plus a margin. This agreement allows ArcBest to continue leveraging its receivables for financial flexibility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.