ROBERT HALF INC. (RHI): debt financing — Robert Half extends $100M credit facility maturity to May 2026, switches to SOFR

ROBERT HALF INC.

Extended maturity of $100M unsecured revolving credit facility from May 2024 to May 2026.
Interest rate benchmark changed from LIBOR to Term SOFR plus applicable margin (Eurocurrency spread 1.20%).
Commitment fee rate set at 0.125% of unused commitment.
Protiviti Inc. Guaranty remains in full force and effect under Amendment No. 2.
Lenders include JPMorgan Chase and Bank of America; no change in total commitment amount.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ROBERT HALF INC. amended revolving credit of $100 million with JPMorgan Chase Bank, N.A. at Secured Overnight Financing Rate plus an applicable margin maturing May 2026.

Instrument: revolving credit
Principal: $100 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Secured Overnight Financing Rate plus an applicable margin
Maturity: May 2026
Event: amendment

Exact text from the filing

Agreement. Amendment of Existing Credit Agreement On May 11, 2023, Robert Half International Inc. (the “Company”) entered into an amendment (“Amendment No. 2”) to that certain $100 million Credit Agreement, dated as of May 11, 2020 (as so amended, the “Credit Agreement”). Amendment No. 2 extends the maturity of the Credit Agreement from May 2024 to May 2026 and

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

ROBERT HALF INC. amended Amendment No. 2 with JPMorgan Chase Bank, N.A. and Bank of America, N.A. valued at $100 million (effective 2023-05-11).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A. and Bank of America, N.A.
Value: $100 million
Effective: 2023-05-11

Exact text from the filing

On May 11, 2023, Robert Half International Inc. (the “Company”) entered into an amendment (“Amendment No. 2”) to that certain $100 million Credit Agreement, dated as of May 11, 2020 (as so amended, the “Credit Agreement”).

View on SEC.gov

Browse all debt financings →

ROBERT HALF INC. filing history →

Source: SEC EDGAR

accession 0000315213-23-000045

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.