WERNER ENTERPRISES INC 8-K

What Happened Werner Enterprises, through its wholly owned subsidiary Werner Receivables Company, LLC (WRC), announced on June 5, 2026 an Amendment No. 3 to its Loan and Security Agreement. The amendment increases WRC’s maximum cash funding limit to $350 million (and allows an increase to $400 million upon request and lender approval). The amendment also incorporates a Performance Guaranty dated June 5, 2026 under which Werner Enterprises provides an unconditional, irrevocable guaranty supporting the obligations of WRC, the Company as servicer, and other originators under the facility.

Key Details

• Amendment date: June 5, 2026; 8-K filed June 10, 2026.
• Funding limit: $350 million in cash proceeds now; may increase to $400 million subject to TD Bank and committed lenders’ acceptance. Prior cap was $325 million (with a possible increase to $350 million).
• Performance Guaranty: Werner Enterprises is the guarantor; guaranty covers monetary and non-monetary obligations and remains in effect until all obligations are paid and performed.
• Structure: WRC acquires and holds receivables sold by Werner on a non-recourse basis; the amendment and guaranty are filed as Exhibits 10.1 and 10.2.

Why It Matters The amendment expands the company’s receivables financing capacity, potentially increasing short-term liquidity available from WRC. At the same time, the Performance Guaranty creates a direct financial obligation for Werner Enterprises to support WRC’s obligations, which could affect the company’s credit exposure until those obligations are satisfied. Investors should note the larger funding capacity and the added guaranty when assessing Werner’s liquidity and contingent obligations.