jbht20251201_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 2025
J.B. HUNT TRANSPORT SERVICES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| Arkansas | 0-11757 | 71-0335111 |
| (State or other Jurisdiction of Incorporation or Organization) | Commission File Number | (IRS Employer Identification No.) |
| 615 J.B. Hunt Corporate Drive Lowell, Arkansas | 72745 | (479) 820-0000 |
| (Address of Principal Executive Offices) | (Zip Code) | (Registrant’s telephone number) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock $0.01 par value | JBHT | NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
See the information set forth in Item 2.03 of this current report on Form 8-K, which is incorporated by reference herein.
ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
See the information set forth in Item 2.03 of this current report on Form 8-K, which is incorporated by reference herein.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION
On November 25, 2025, J.B. Hunt Transport Services, Inc. and its principal operating subsidiary, J.B. Hunt Transport, Inc. (collectively, “we” or the “Company”), entered into a $1.7 billion Second Amended and Restated Credit Agreement, dated November 25, 2025, by and among J.B. Hunt Transport, Inc., as borrower, J.B. Hunt Transport Services, Inc., as parent guarantor, the lenders named therein, and Bank of America, N.A., as administrative agent. This amended credit facility extends the maturity date of our existing $1.0 billion revolving line of credit for a new five-year term, expiring November 25, 2030, with a right to request two one-year extensions of the maturity date (which, if fully exercised and agreed to by the lenders, would extend the revolving line of credit expiration date to November 25, 2032). The amended credit facility includes an increased accordion feature giving the borrower the right to request an increase in the total commitment by up to $400 million, a $100 million increase from the prior $300 million accordion (which, if fully exercised and agreed to by the lenders, would increase the revolving line of credit to $1.4 billion). Additionally, the amended credit facility provides a commitment of the lenders, upon requests of the borrower during the six-month period beginning November 25, 2025, to fund up to $700 million of term loans that, if and when so funded, would mature on November 25, 2028. This term loan commitment replaces the $500 million of term loans we previously borrowed and fully repaid in March 2025.
The amended credit facility requires us to maintain certain covenants and financial ratios. Borrowing costs are based on the Secured Overnight Financing Rate (SOFR), or a Base Rate, plus an applicable margin and other fees. The amended credit facility contains customary default provisions and remedies, including a right to accelerate the payment of outstanding obligations. The Company intends to use the amended credit facility for equipment purchases, repurchases of our common stock, refinancing of our existing senior debt and other working capital purposes.
This amended credit facility amends and restates, and therefore supersedes, our $1.5 billion Amended and Restated Credit Agreement, dated September 27, 2022, by and among J.B. Hunt Transport, Inc., as borrower, J.B. Hunt Transport Services, Inc., as parent guarantor, the lenders named therein, and Bank of America, N.A., as administrative agent.
The foregoing summary of the Second Amended and Restated Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Second Amended and Restated Credit Agreement, which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits. |
| 10.1 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on the 2nd day of December, 2025.
| J.B. HUNT TRANSPORT SERVICES, INC. | |||
| BY: | /s/ Shelley Simpson | ||
| Shelley Simpson | |||
| President and Chief Executive Officer (Principal Executive Officer) | |||
| BY: | /s/ A. Brad Delco | ||
| A. Brad Delco | |||
| Chief Financial Officer, Executive Vice President (Principal Financial Officer) | |||