debt
confidence high
sentiment neutral
materiality 0.45
Kforce enters $200M credit facility maturing 2026, replaces 2017 agreement
KFORCE INC
- New $200M revolving credit facility matures October 20, 2026; replaces 2017 agreement.
- Borrowing capacity may increase up to $150M (total $350M) subject to lender conditions.
- Interest rates: Base Rate + 0.125%–0.500% or LIBOR + 1.125%–1.500% based on leverage.
- Financial covenants: fixed charge coverage ≥1.25x, total leverage ≤3.50x; initial commitment fee 0.200% on unused portion.