DSKE Daseke Inc

On April 29, 2021, Daseke, Inc. (the “Company”), Daseke Companies, Inc., a wholly-owned subsidiary of the Company, and the Company’s other domestic subsidiaries party thereto (together with Daseke Companies, Inc., the “Borrowers”) entered into the Fifth Amendment to Fifth Amended and Restated Revolving Credit and Security Agreement (the “Amendment”) with the financial institutions party thereto as lenders (the “Lenders”) and PNC Bank, National Association, as agent for the Lenders (the “Agent”), which amends certain terms of the Fifth Amended and Restated Revolving Credit and Security Agreement, dated as of February 27, 2017, among the Company, the Borrowers, the Agent and the Lenders (as amended, supplemented or otherwise modified, the “Credit Agreement”). Capitalized terms used, but not otherwise defined, in this Current Report on Form 8-K have the meanings given to them in Exhibit A to the Amendment.

Principally, the Amendment extended the scheduled maturity date of the revolving credit facility provided by the Credit Agreement from February 27, 2025 to April 29, 2026. The Amendment also, among other things, (a) increased the Maximum Revolving Advance Amount from $100 million to $150 million, (b) provides that the Maximum Revolving Advance Amount may be increased further from $150 million to $200 million (for the avoidance of doubt, the Amendment did not result in such an increase), (c) removed the Borrowers’ total leverage financial covenant, which had been tested on a quarterly basis, and (d) provided additional covenant flexibility in the form of increased debt, lien, investment, disposition and restricted payment baskets.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.