EX-99.1 4 ex99-1.txt PRESS RELEASE DATED 11/25/2002 EXHIBIT 99.1 SWIFT TRANSPORTATION CO., INC. ANNOUNCES LINE OF CREDIT ARRANGEMENT Phoenix, AZ - November 25, 2002 -- Swift Transportation Co., Inc. (NASDAQ-NMS: SWFT) announced the closing of a $255 million revolving credit agreement with a group of seven banks including SunTrust Bank as Administrative Agent. The credit agreement has a three year term and allows for LIBOR based borrowings and letters of credit. This agreement replaces the Company's existing $170 million revolving line of credit, which was scheduled to mature in January 2003. Swift is the holding company for Swift Transportation Co., Inc., a truckload carrier headquartered in Phoenix, Arizona. Swift is the largest publicly-held national truckload carrier in the United States with regional operations throughout the continental United States. Contact: Gary Enzor, CFO of Swift Transportation Co., Inc. (602) 269-9700