Item 1.01 Entry into a Material Definitive Agreement.
On July 7, 2022, C.H. Robinson Worldwide, Inc. (the "Company") entered into (i)
an amendment (the "RPA Amendment") to its existing Receivables Purchase
Agreement dated as of November 19, 2021, as amended February 1, 2022, among the
Company, as initial master servicer and performance guarantor, C.H. Robinson
Receivables, LLC, a wholly-owned subsidiary of the Company and bankruptcy-remote
entity ("CHRR"), as seller, Bank of America, N.A. ("BoA") and Wells Fargo Bank,
National Association ("Wells Fargo"), as committed purchasers, BofA and Wells
Fargo, as purchaser agents, and BofA, as administrative agent, which provides a
receivables securitization facility (the "Facility") and (ii) an amendment (the
"RSA Amendment"; together with the RPA Amendment, collectively, the
"Amendments") to its existing Receivables Purchase Agreement dated as of
November 19, 2021 among the Company, as master servicer, CHRR, as buyer, and the
originators party thereto, in connection with the Facility. The Amendments
primarily incorporate additional categories of eligible receivables, effectively
increasing the receivables pool available with respect to the Facility by
approximately $600 million. The funding available to CHRR under the Facility is
unchanged and remains $500 million pursuant to the provisions of the existing
Facility.
The foregoing description of the Amendments is qualified in its entirety by
reference to the full text of the Amendments filed as Exhibit 10.1 and Exhibit
10.2 hereto.
Item 2.03 Creation of a Direct Financial Obligation or an Off-Balance Sheet
Arrangement.
The disclosure set forth in Item 1.01 above is incorporated by reference into
this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
10.1 Second Amendment to the Receivables Purchase Agreement, dated July 7, 2022 by
and among C.H. Robinson Worldwide, Inc., C.H. Robinson Receivables, LLC, and the
various conduit purchasers, committed purchasers and purchaser agents, and
administrative agent.
10.2 First Amendment to the Receivables Sale Agreement, dated July 7, 2022 by and
among C.H. Robinson Worldwide, Inc., C.H. Robinson Receivables, LLC, and the
originators party thereto.
104 The cover page from the Current Report on Form 8-K formatted in Inline XBRL
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