ODFL · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 38 · Surprise 24 · In source text
The company had $80.0 million remaining outstanding on its 3.10% Series B senior unsecured notes at June 30, 2026 after making the fourth $20.0 million principal payment in May 2026. The remaining $20.0 million note principal is due in May 2027. The revolving credit agreement provides $400.0 million of total capacity and matures in March 2028. No revolving borrowings were outstanding at June 30, 2026, leaving $368.2 million available after letters of credit.
Key facts
- The Credit Agreement matures in March 2028 and aggregate borrowing capacity was increased to $400.0 million after exercising the $150.0 million accordion on May 23, 2025. source
- The Note Agreement provided issuance of senior promissory notes up to $350.0 million through March 22, 2026; on May 4, 2020 we issued $100.0 million of Series B Notes bearing interest at 3.10% per annum and maturing May 4, 2027. source
- First four principal payments of $20.0 million each on the Series B Notes were paid in May 2023, 2024, 2025 and 2026; remaining $20.0 million will be paid in May 2027. source
- We were in compliance with all covenants in our outstanding debt instruments for the period ended June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +0.3% | First four principal payments of $20.0 million each on the Series B Notes were paid in May 2023, 2024, 2025 and 2026; remaining $20.0… |
| cash | negative | committed | -0.3% | First four principal payments of $20.0 million each on the Series B Notes were paid in May 2023, 2024, 2025 and 2026; remaining $20.0… |
| liability | positive | committed | +0.3% | First four principal payments of $20.0 million each on the Series B Notes were paid in May 2023, 2024, 2025 and 2026; remaining $20.0… |