Saia, Inc. Files 8-K: No Major Changes Reported

TL;DR

Saia Inc. 8-K filed: No news, just corporate housekeeping.

AI Summary

On December 9, 2024, Saia, Inc. filed an 8-K report. The filing indicates no changes to the company's principal executive offices or former name/address. It also confirms the company's incorporation in Delaware and its IRS Employer Identification No. as 48-1229851.

Why It Matters

This filing serves as a routine update, confirming Saia, Inc.'s corporate details and principal executive office location without reporting any new material agreements or financial statements.

Risk Assessment

Risk Level: low — The filing is a routine 8-K that reports no new material definitive agreements or financial events, indicating no immediate new risks.

Key Players & Entities

• Saia, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 48-1229851 (identifier) — IRS Employer Identification No.
• 11465 Johns Creek Parkway Suite 400 (address) — Principal Executive Offices
• Johns Creek, Georgia 30097 (address) — Principal Executive Offices Location
• 770 232-5067 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $300 million — mmitments under the Credit Agreement by $300 million to an aggregate commitment of $600 mill
• $600 million — 0 million to an aggregate commitment of $600 million and expands the accordion feature, subj
• $150 million — vailability of lender commitments, from $150 million to $300 million. Amendment No. 2 also e

Filing Documents

• saia-20241209.htm (8-K) — 50KB
• saia-ex10_1.htm (EX-10.1) — 82KB
• 0000950170-24-134764.txt ( ) — 254KB
• saia-20241209.xsd (EX-101.SCH) — 25KB
• saia-20241209_htm.xml (XML) — 5KB

01

Item 1.01 Entry into a Material Definitive Agreement On December 9, 2024, Saia, Inc. (the "Company"), and certain of its subsidiaries, entered into an amendment ("Amendment No. 2") to its credit agreement dated February 3, 2023, with JPMorgan Chase, N.A. as Administrative Agent, and the other lenders and agents party thereto, as previously amended by Amendment No. 1, dated as of October 31, 2023 (collectively, the "Credit Agreement"). Amendment No. 2 increases commitments under the Credit Agreement by $300 million to an aggregate commitment of $600 million and expands the accordion feature, subject to certain conditions and availability of lender commitments, from $150 million to $300 million. Amendment No. 2 also extends the maturity date of the Credit Agreement from February 3, 2028, to December 9, 2029. Borrowings under the Credit Agreement bear interest at the Company's election at a variable rate equal to (a) one, three or six month term SOFR (the forward-looking secured overnight financing rate) plus 0.10%, or (b) an alternate base rate, in each case plus an applicable margin. Amendment No. 2 adjusts the applicable margin such that the applicable margin is now between 1.25% and 2.00% per annum for term SOFR loans and between 0.25% and 1.00% per annum for alternate base rate loans, in each case based on the Company's consolidated net lease adjusted leverage ratio. Amendment No. 2 also modifies the fees that the Company accrues based on the daily unused portion of the credit facility, which will now range between 0.175% and 0.30% based on the Company's consolidated net lease adjusted leverage ratio. The foregoing description of Amendment No. 2 to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

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Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits 10.1 Amendment No. 2 to Credit Agreement, dated as of December 9, 2024, by and among Saia, Inc., JP Morgan Chase Bank, N.A., as Administrative Agent, and the lenders named therein (including a conformed Credit Agreement as Exhibit A thereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SAIA, INC. Date: December 10, 2024 /s/ Kelly W. Benton Kelly W. Benton Vice President and Chief Accounting Officer (Principal Accounting Officer)