secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHCARE SERVICES GROUP INC (HCSG)
CIK:        0000731012
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0000731012-22-000089
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCSG renews credit facility: $300M unsecured revolver due 2027, down from $475M
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- New $300M unsecured revolving credit facility matures Nov 22, 2027; can be increased to $500M.
- Replaces previous $475M facility that was set to expire Dec 21, 2023.
- Benchmark rate switched from LIBOR to SOFR; up to $50M swingline and $125M letters of credit available.
- Proceeds used for general corporate purposes; facility is unsecured.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000089/0000731012-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731012/000073101222000089/hcsg-20221122.htm
  HTML page:      https://secwatch.observer/filing/0000731012-22-000089

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