J.B. Hunt Transport Services In $500M Bond Underwriting Agreement

J.B. Hunt Transport Services Inc. of Lowell said Thursday that it had entered into an underwriting agreement with J.P. Morgan Securities LLC, Goldman Sachs & Co., and Morgan Stanley & Co. LLC to issue and sell $500 million in bonds.

The publicly traded logistics firm (Nasdaq: JBHT) announced the agreement in a filing with the U.S. Securities and Exchange Commission here

The offering is for $250 million in aggregate principal amount of its 2.4 percent notes due 2019 and $250 million in aggregate principal amount of its 3.85 percent notes due 2024.

Interest is payable on the 2019 notes semiannually in arrears on March 15 and September 15 of each year, beginning September 15, 2014.

Interest is payable on the 2024 notes semiannually in arrears on March 15 and September 15 of each year, beginning September 15, 2014.

The 2019 notes will mature on March 15, 2019 and the 2024 notes will mature on March 15, 2024.