Swift makes $60 million voluntary prepayment on its senior term loan

By Tali David

Minneapolis, Jan. 4 - Swift Transportation Co. made a $60 million voluntary prepayment on its senior secured first-lien term loan, according to an 8-K filing with the Securities and Exchange Commission.

The prepayment was funded through advances from the company's accounts receivable securitization and from other cash on hand.

There are no scheduled principal payments remaining on the first-lien term loan until its maturity in December 2016, according to the filing.

Swift is a transportation services company and truckload carrier based in Phoenix.

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