Increased revolver capacity and extended maturity improve Covenant's liquidity runway. Watch the 10-Q for acquisition integration detail and debt covenant headroom.
Price Chart
Executive Summary
Covenant Logistics Group entered into a 21st amendment to its credit agreement, increasing the revolving credit facility to $130 million and extending the maturity to June 2031. The amendment also adds newly acquired subsidiaries as borrowers and provides additional flexibility for incurring unsecured debt.
Key Financial Metrics
Key Facts
- Revolver increased from prior amount to $130,000,000
- Maturity extended to June 17, 2031
- Added certain acquired subsidiaries as borrowers
- Provided additional flexibility for unsecured debt
Financial Impact
$130M maximum revolver amount, maturity extended ~5 years
Risk Factors
- Additional debt capacity could increase leverage if fully drawn
- Unsecured debt flexibility may lead to higher interest expense
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001008886-26-000179 |
| Document: 0001008886-26-000179-index-headers.html | 0001008886-26-000179 |
| Document: 0001008886-26-000179-index.html | 0001008886-26-000179 |
| Document: 0001008886-26-000179.txt | 0001008886-26-000179 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | Press Release | $33.19 | awaiting T+60 | — | $29.19 (−12.05%) |
Aug 17, 2026 10w ago | 8-K | $34.05 | awaiting T+60 | — | $29.19 (−14.27%) |
Jul 2, 2026 16w ago | Press Release | $43.94 $32.71 | ▼ −25.56% | ▼ −29.13% | $29.19 (−33.57%) |
Jun 26, 2026 17w ago | Court Ruling | $45.34 $34.15 | ▼ −24.68% | ▼ −28.30% | $29.19 (−35.62%) |
Jun 23, 2026 17w ago | 8-K | $42.82 $34.00 | ▼ −20.60% | ▼ −23.44% | $29.19 (−31.83%) |
Jun 5, 2026 20w ago | Press Release | $43.52 $35.35 | ▼ −18.77% | ▼ −22.77% | $29.19 (−32.93%) |
Jun 1, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.19 (−30.24%) |
May 27, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.19 (−30.24%) |
May 27, 2026 21w ago | Insider Cluster | $39.49 $35.20 | ▼ −10.85% | ▼ −12.59% | $29.19 (−26.07%) |
May 15, 2026 23w ago | 8-K | $35.21 $34.09 | ▼ −3.19% | ▼ −8.04% | $29.19 (−17.10%) |
US Market Status
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