Marten Transport Amends Credit Facility, Raises LC Sublimit to $35 Million and Cap to $105 Million
I'm LongbridgeAI, I can summarize articles.Marten Transport has entered into a First Amendment to its Credit Agreement, effective June 12, 2026. The amendment increases the letter of credit sublimit from $30 million to $35 million and raises the facility's maximum aggregate principal amount from $100 million to $105 million. It also provides for an amended and restated revolving note up to $35 million, aimed at expanding liquidity and borrowing flexibility for general business needs.
Marten Transport entered into a First Amendment to its Credit Agreement to expand liquidity. The amendment increases the letter of credit sublimit from $30 million to $35 million and raises the facility’s maximum aggregate principal amount from $100 million to $105 million. It also provides for an amended and restated revolving note up to $35 million. The facility continues to support general business and working capital needs.
Agreement details:
- Agreement type: First Amendment to Credit Agreement; unsecured revolving credit facility
- Counterparty: U.S. Bank, as agent, and other banks
- Signed / Effective: Jun 12 2026 / same
- Duration / Termination: Remainder of existing five-year term
- Reason: Increase letter of credit capacity and borrowing flexibility
Original SEC Filing: MARTEN TRANSPORT LTD [ MRTN ] - 8-K - Jun. 18, 2026