secwatch / observer
8-K filed February 3, 2026, 6:59 PM ET ticker TBI CIK 0000768899
debt confidence high sentiment neutral materiality 0.45

TrueBlue amends credit agreement to asset-based lending, cuts revolver to $175M

TrueBlue, Inc.

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

TrueBlue, Inc. amended revolving credit of $175 million with Bank of America, N.A. as administrative agent at a variable rate of interest based on SOFR or the base rate (the highest of (x) t.

Instrument
revolving credit
Principal
$175 million
Counterparty
Bank of America, N.A. as administrative agent
Rate
a variable rate of interest based on SOFR or the base rate (the highest of (x) t
Event
amendment
Exact text from the filing
The Amendment reduces the Company’s line of credit from $255 million to $175 million (as may be reduced by the borrowing base from time to time), while retaining the Company’s option to increase the amount by $150 million, subject to lender approval, with no changes in swingline sub-limits, letters of credit sub-limits, interest rate pricing or maturity date.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TrueBlue, Inc. amended Second Amendment to Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent, a lender, L/C issuer and swingline lender, and Wells Fargo Bank, N.A., PNC Bank, N.A., KeyBank, N.A., and HSBC Bank USA, N.A. as co-lenders valued at Converts the Agreement from a cash-flow based revolving credit facility to an asset-based lending fa (effective 2026-01-30).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A. as administrative agent, a lender, L/C issuer and swingline lender, and Wells Fargo Bank, N.A., PNC Bank, N.A., KeyBank, N.A., and HSBC Bank USA, N.A. as co-lenders
Value
Converts the Agreement from a cash-flow based revolving credit facility to an asset-based lending fa
Effective
2026-01-30
Exact text from the filing
On January 30, 2026, TrueBlue, Inc. (the “Company”) entered into a Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000768899-26-000004
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