secwatch / observer
8-K filed November 28, 2022, 6:59 PM ET ticker HCSG CIK 0000731012
debt confidence high sentiment neutral materiality 0.40

HEALTHCARE SERVICES GROUP INC (HCSG): debt financing — HCSG renews credit facility: $300M unsecured revolver due 2027, down from $475M

HEALTHCARE SERVICES GROUP INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

HEALTHCARE SERVICES GROUP INC incurred credit facility of in the aggregate amount of $300 million with PNC Bank, National Association, as administrative agent maturing November 22, 2027.

Instrument
credit facility
Principal
in the aggregate amount of $300 million
Counterparty
PNC Bank, National Association, as administrative agent
Maturity
November 22, 2027
Event
incurrence
Exact text from the filing
The New Credit Facility, which matures on November 22, 2027 provides for a five-year unsecured revolving loan facility in the aggregate amount of $300 million with, at the Company's option, the ability to increase the revolving loan commitments to an aggregate amount not to exceed $500 million.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HEALTHCARE SERVICES GROUP INC amended Amended Credit Agreement with PNC Bank, National Association, as administrative agent, and the several banks and other financial institutions parties thereto valued at $300 million (effective 2022-11-22).

Action
amendment
Agreement
credit facility
Counterparty
PNC Bank, National Association, as administrative agent, and the several banks and other financial institutions parties thereto
Value
$300 million
Effective
2022-11-22
Exact text from the filing
Healthcare Services Group, Inc. (the "Company") renewed an existing line of credit through the execution of an Amended Credit Agreement dated November 22, 2022 (the “New Credit Facility”), by and among the Company, the several banks and other financial institutions or entities that are from time to time parties thereto (the “Lenders”), and PNC Bank, National Association, as administrative agent (the “Administrative Agent”).
View on SEC.gov

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HEALTHCARE SERVICES GROUP INC filing history →

Source: SEC EDGAR
accession 0000731012-22-000089
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