secwatch.observer — SEC 8-K summary
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Issuer:     MAXIMUS, INC. (MMS)
CIK:        0001032220
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001032220-24-000067
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maximus amends credit agreement, extends maturities and increases revolver to $750M
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- Tranche A term loans reduced to $650M (from $868.1M), maturity extended to May 2029.
- Tranche B term loans increased to $500M (from $343.2M), maturity extended to May 2031.
- Revolving credit facility increased from $600M to $750M, L/C sublimit raised to $100M.
- Total credit facilities now $1.9B; quarterly amortization begins September 30, 2024.
- Financial covenants: max net leverage 4.00x; min interest coverage 3.00x, tested quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032220/000103222024000067/0001032220-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032220/000103222024000067/mms-20240530.htm
  HTML page:      https://secwatch.observer/filing/0001032220-24-000067

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