---
schema_version: "secwatch.filing_event.v1"
accession: "0000768899-24-000037"
form_type: "8-K"
ticker: "TBI"
cik: "0000768899"
company_name: "TrueBlue, Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:34:27.159868+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TrueBlue enters $255M amended credit facility, matures in five years, accordion to $405M

## Summary
- Total revolving credit facility of $255M, up from prior facility; accordion feature permits increase to $405M.
- Maturity date is February 9, 2029; secured by collateral of borrower and material domestic subsidiaries.
- Financial covenants: asset coverage ratio initially, then consolidated leverage ratio after Dec 28, 2025, plus fixed charge coverage.
- Borrowing rates based on SOFR or base rate plus spread ranging from 1.75% to 3.50% depending on leverage; commitment fee 0.35%-0.50%.
- Lenders include Bank of America, PNC, Wells Fargo, KeyBank, HSBC; BofA Securities is sole bookrunner.

## SEC filing metadata
- accession: 0000768899-24-000037
- form_type: 8-K
- ticker: TBI
- cik: 0000768899
- company_name: TrueBlue, Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/0000768899-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/tbi-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000768899-24-000037
- JSON: https://secwatch.observer/filing/0000768899-24-000037.json
- Plain text: https://secwatch.observer/filing/0000768899-24-000037.txt

## Key facts
- Debt Financings
  TrueBlue, Inc. incurred revolving credit of $255 million with Bank of America, N.A. at variable rate of interest on the outstanding principal balance maturing five years.
  - Instrument: revolving credit
  - Principal: $255 million
  - Counterparty: Bank of America, N.A.
  - Rate: variable rate of interest on the outstanding principal balance
  - Maturity: five years
  - Event: incurrence
  source text: The Agreement provides a senior secured revolving line of credit facility of up to $255 million, matures in five years
  evidence_url: https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/0000768899-24-000037-index.htm
- Material Agreements
  TrueBlue, Inc. amended Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent valued at $255 million (effective 2024-02-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. as administrative agent
  - Value: $255 million
  - Effective: 2024-02-09
  source text: On February 9, 2024 , TrueBlue, Inc. (the “company”) entered into an Amended and Restated Credit Agreement (the “Agreement”). The Agreement amends and restates in its entirety the original Credit Agreement entered into on July 13, 2018
  evidence_url: https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/0000768899-24-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.