J.B. Hunt Secures $1.7 Billion Amended Credit Facility Led by Bank of America

Reuters12-03
J.B. Hunt Secures $1.7 Billion Amended Credit Facility Led by Bank of America

J.B. Hunt Transport Services Inc. has entered into a $1.7 billion Second Amended and Restated Credit Agreement with a syndicate of lenders and Bank of America, N.A. as administrative agent. The new agreement, signed on November 25, 2025, extends the maturity of the company's existing $1.0 billion revolving line of credit for a new five-year term, expiring in November 2030, with the possibility of two additional one-year extensions. The amended facility also increases the accordion feature to allow for an additional $400 million in commitments and provides a new $700 million term loan commitment. The proceeds may be used for equipment purchases, stock repurchases, refinancing existing debt, and other working capital needs. This agreement supersedes the previous $1.5 billion credit facility dated September 27, 2022.

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