{"schema_version":"secwatch.filing_event.v1","accession":"0001084765-25-000085","form_type":"8-K","ticker":"RGP","cik":"0001084765","company_name":"RESOURCES CONNECTION, INC.","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.298391+00:00","generated_at":"2026-05-18T09:14:47.725841+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RGP enters $50M secured revolving credit facility, replacing 2021 agreement","bullets":["New $50M secured revolving facility (borrowing base tied to eligible receivables) matures Nov 30, 2029.","Option to increase revolver by up to $15M; includes $10M sublimit for standby LCs.","Interest at Term SOFR +1.25%-2.50% or Base Rate +0.25%-1.50%, based on Consolidated EBITDA.","2021 Credit Agreement terminated effective July 2, 2025; obligations secured by substantially all assets.","Customary covenants include total net leverage ratio and fixed charge coverage ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0001084765-25-000085","json":"https://secwatch.observer/filing/0001084765-25-000085.json","markdown":"https://secwatch.observer/filing/0001084765-25-000085.md","text":"https://secwatch.observer/filing/0001084765-25-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/0001084765-25-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/rgp-20250702.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:14:47.725841+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":"60005f6c56ae82a1d86b3653fe994506486f7856","claim":"RESOURCES CONNECTION, INC. incurred revolving credit of $50.0 million with Bank of America, N.A., as administrative agent at Term SOFR plus a margin ranging from 1.25% to 2.50% or the Base Rate plus a marg maturing November 30, 2029.","evidence_excerpt":"On July 2, 2025, Resources Connection, Inc. (the “Company”), Resources Connection LLC, and the Company’s domestic subsidiaries entered into a Credit Agreement (the “Credit Facility”) with the lenders party thereto and Bank of America, N.A., as administrative agent, L/C issuer, and the swingline lender. The Credit Facility provides for a secured revolving loan, available in an amount up to the lesser of $50.0 million and a borrowing base formula tied to eligible receivables, which includes a $10,000,000 sublimit for the issuance of standby letters of credit.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/0001084765-25-000085-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$50.0 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR plus a margin ranging from 1.25% to 2.50% or the Base Rate plus a marg"},{"label":"Maturity","value":"November 30, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}