{"schema_version":"secwatch.filing_event.v1","accession":"0000768899-26-000004","form_type":"8-K","ticker":"TBI","cik":"0000768899","company_name":"TrueBlue, Inc.","filed_at":"2026-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.670358+00:00","generated_at":"2026-05-16T05:29:40.379484+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"TrueBlue amends credit agreement to asset-based lending, cuts revolver to $175M","bullets":["Line of credit reduced from $255M to $175M; $150M accordion retained subject to lender approval.","Borrowing base: 90% investment grade accounts, 85% non-investment grade, 80% eligible unbilled.","Minimum excess availability covenant; springing fixed charge coverage ratio from Sept 2026.","Interest rate: SOFR/base rate plus spread based on leverage; LC fronting fee 0.25%."],"urls":{"canonical":"https://secwatch.observer/filing/0000768899-26-000004","json":"https://secwatch.observer/filing/0000768899-26-000004.json","markdown":"https://secwatch.observer/filing/0000768899-26-000004.md","text":"https://secwatch.observer/filing/0000768899-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/768899/000076889926000004/0000768899-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/768899/000076889926000004/tbi-20260130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:29:40.379484+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cd58339d22f3e9c1194298b1cf04f9eaeb67cf00","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/768899/000076889926000004/0000768899-26-000004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$175 million"},{"label":"Counterparty","value":"Bank of America, N.A. as administrative agent"},{"label":"Rate","value":"a variable rate of interest based on SOFR or the base rate (the highest of (x) t"},{"label":"Event","value":"amendment"}]},{"claim_id":"9e4a40dc73d454f100cc4db3cc2fd6e0791f1892","claim":"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).","evidence_excerpt":"On January 30, 2026, TrueBlue, Inc. (the “Company”) entered into a Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/768899/000076889926000004/0000768899-26-000004-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Value","value":"Converts the Agreement from a cash-flow based revolving credit facility to an asset-based lending fa"},{"label":"Effective","value":"2026-01-30"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}