Werner Enterprises gets $75 million five-year revolver with BMO Harris

By Susanna Moon

Chicago, March 10 – Werner Enterprises, Inc. obtained a $75 million five-year unsecured revolving credit facility on March 5 with BMO Harris Bank NA, according to an 8-K filing with the Securities and Exchange Commission.

Interest on the loans will be Libor plus 60 basis points with a credit fee of 60 bps and an unused fee of 8.5 bps.

Proceeds may be used for the company's general corporate purposes.

The facility expires on March 5, 2020.

There is sublimit of $25 million for letters of credit.

The facility replaces the company's $75 million credit facility with BMO Harris.

Werner, based in Omaha, is a transportation provider of freight management and supply chain services.

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