Knight-Swift Transportation Holdings Inc. - 8-K Filing
Knight-Swift Transportation Holdings Inc. issued $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031 on May 8, 2026, including a $200 million over-allotment exercised in full by the initial purchasers. The notes are convertible into common stock at an initial conversion price of approximately $80.11 per share (a 30% premium to the closing price of $61.62 on May 5, 2026). In connection with this offering, the company also entered into capped call transactions designed to hedge against potential dilution from conversions. (Items: 1.01 of this Current Report on Form 8-K is incorporated herein by reference)
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