secwatch.observer — SEC 8-K summary
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Issuer:     TrueBlue, Inc. (TBI)
CIK:        0000768899
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0000768899-24-000037
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/0000768899-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000037/tbi-20240209.htm
  HTML page:      https://secwatch.observer/filing/0000768899-24-000037

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