• Knight-Swift Transportation Holdings plans private placement of USD 1 billion Convertible Senior Notes due 2031, with 13-day option for initial purchasers to buy up to an additional USD 150 million.
• Net proceeds earmarked for capped call transactions, repayment of USD 300 million term loan due 2027, repayment of USD 400 million of term loan due 2030, with remaining funds targeted at revolving credit facility paydown.
• Notes to be general senior unsecured obligations, with semiannual interest; settlement on conversion to include cash up to principal, with remainder in cash, shares, or a mix at company election.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Knight-Swift Transportation Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505535125) on May 05, 2026, and is solely responsible for the information contained therein.