ARCBEST CORP /DE/ 8-K

What Happened
ArcBest Corporation (through its subsidiary ArcBest Funding LLC) filed an 8-K on May 18, 2026 announcing the termination of the Third Amended and Restated Receivables Loan Agreement (originally dated June 9, 2021, with multiple amendments) between the Borrower, Toronto-Dominion Bank (TD Bank) and other lenders. Under the terminated agreement TD Bank issued letters of credit to support workers’ compensation and third‑party casualty claim liabilities for the Company’s self-insured operations. Following termination, letters of credit will be issued under the Fifth Amended and Restated Credit Agreement dated November 25, 2025.

Key Details

• Termination date: May 18, 2026; original loan agreement dated June 9, 2021 (amended Dec 2, 2021; May 13, 2022; June 12, 2024; June 12, 2025).
• Facility capacity: $50.0 million committed funding with an accordion feature up to an additional $100.0 million.
• Security: Borrowings were secured primarily by a lien on receivables sold to the Borrower by certain subsidiaries.
• As of April 29, 2026, there were no outstanding letters of credit or amounts drawn under the loan agreement, and the Company paid no early termination penalties.

Why It Matters
This filing documents a housekeeping/credit‑facility change: the receivables loan agreement with TD Bank has been terminated and letter-of-credit support for self‑insurance obligations will be provided under an existing credit agreement executed in November 2025. The company reports no outstanding draws or termination penalties, so the filing indicates no immediate cash impact per the disclosed facts. Investors should note this as part of ArcBest’s credit and liquidity arrangements; monitor future disclosures for any changes to collateral, capacity, or costs under the new credit agreement.