Old Dominion Freight amends $200 million revolver with Wells Fargo

By Susanna Moon

Chicago, Nov. 10 – Old Dominion Freight Line, Inc. amended the terms of its $200 million senior unsecured revolving credit facility last Friday with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amended agreement provides that the amount of a restricted payment may not exceed: (a) together with all other restricted payments made during the same fiscal quarter, $40 million, or (b) together with all other restricted payments made after the date of the amendment, $200 million.

Old Dominion is a less-than-truckload motor carrier based in Thomasville, N.C.

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