ARCBEST CORP /DE/ Debt Disclosure

NOTE G – LONG-TERM DEBT AND FINANCING ARRANGEMENTS

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Long-Term Debt Obligations

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Long-term debt, which consisted of notes payable related to the financing of revenue equipment (tractors and trailers used primarily in Asset-Based segment operations) and certain other equipment at December 31, 2025 and 2024, was as follows:

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Scheduled payments of long-term debt obligations as of December 31, 2025 were as follows:

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Assets securing notes payable, primarily consisting of revenue equipment, which were included in property, plant and equipment, totaled $362.5 million at December 31, 2025 and $333.5 million at December 31, 2024.

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The Company paid interest of $11.8 million, $8.5 million, and $8.7 million in 2025, 2024, and 2023, respectively, net of capitalized interest which totaled $0.4 million for both 2025 and 2024 and $0.3 million for 2023.

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Financing Arrangements

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Credit Facility

The Company’s revolving credit facility (the “Credit Facility”) was amended and restated under its Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) in November 2025. The amendment, among other things, increased the letter of credit sub-facility sublimit from $20.0 million to $50.0 million and extended the maturity date from October 7, 2027 to November 25, 2030.

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The Credit Facility has an initial maximum credit amount of $250.0 million, including a swing line facility in an aggregate amount of up to $40.0 million and a letter of credit sub-facility providing for the issuance of letters of credit up to an aggregate amount of $50.0 million. The Company may request additional revolving commitments or incremental term loans thereunder up to an aggregate amount of up to $125.0 million, subject to the satisfaction of certain additional conditions as provided in the Credit Agreement. The Company borrowed and repaid $25.0 million under the Credit Facility during 2025. As of December 31, 2025 the Company had available borrowing capacity of $250.0 million under the initial maximum credit amount of the Credit Facility.

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Principal payments under the Credit Facility are due upon maturity of the facility; however, borrowings may be repaid, at the Company’s discretion, in whole or in part at any time, without penalty, subject to required notice periods and compliance with minimum prepayment amounts. Borrowings under the Credit Agreement can either be, at the Company’s election: (i) at an Alternate Base Rate (as defined in the Credit Agreement) plus a spread ranging from 0.125% to 1.00%, or (ii) the Adjusted Term SOFR Screen Rate (as defined in the Credit Agreement) plus a spread ranging from 1.125% to 2.00%. The applicable spread is dependent upon the Company’s Adjusted Leverage Ratio (as defined in the Credit Agreement). In addition, the Credit Facility requires the Company to pay a fee on unused commitments. The Credit Agreement contains conditions, representations and warranties, events of default, and indemnification provisions that are customary for financings of this type, including, but not limited to, a minimum interest coverage ratio, a maximum adjusted leverage ratio, and limitations on incurrence of debt, investments, liens on assets, certain sale and leaseback transactions, transactions with affiliates, mergers, consolidations, and sales of assets. The Company was in compliance with the covenants under the Credit Agreement at December 31, 2025.

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Accounts Receivable Securitization Program

In June 2025, the Company amended and restated its accounts receivable securitization program (“A/R Securitization”), extending the maturity date to July 1, 2026. The A/R Securitization provides available cash proceeds of $50.0 million and has an accordion feature allowing the Company to request additional borrowings up to $100.0 million, subject to certain conditions. As of December 31, 2025 and 2024, the Company had no borrowings outstanding under the A/R Securitization.

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Under this program, certain subsidiaries of the Company continuously sell a designated pool of trade accounts receivables to a wholly owned subsidiary which, in turn, may borrow funds on a revolving basis. The A/R Securitization does not qualify for sale treatment. Accordingly, the accounts receivable and related debt obligation remain on the Company’s

consolidated balance sheets. This wholly owned consolidated subsidiary is a separate bankruptcy-remote entity, and its assets would be available only to satisfy the claims related to the lenders’ interest in the trade accounts receivable. Borrowings under the A/R Securitization bear interest based upon SOFR, or, to the extent funded by the conduit lender through the issuance of notes, at the commercial paper rate as defined in the agreement, plus a margin in each case, and an annual facility fee. The securitization agreement contains representations and warranties, affirmative and negative covenants, and events of default that are customary for financings of this type, including a maximum adjusted leverage ratio covenant. The Company was in compliance with the covenants under the A/R Securitization at December 31, 2025.

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The A/R Securitization includes a provision under which the Company may request, and the program’s letter of credit issuer may issue, standby letters of credit (“LOCs”). These LOCs are primarily in support of the Company’s workers’ compensation and third-party casualty claims liabilities in various states in which the Company is self-insured. The issuance of standby LOCs reduces the availability of borrowings under the program. As of December 31, 2025, standby LOCs of $23.5 million have been issued under the program, reducing the available borrowing capacity to $26.5 million.

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Notes Payable

The Company has financed the purchase of certain revenue equipment through promissory note arrangements totaling $117.9 million and $80.7 million during the years ended December 31, 2025 and 2024, respectively.