---
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"
generated_at: "2026-05-18T09:14:47.725841+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RGP enters $50M secured revolving credit facility, replacing 2021 agreement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084765-25-000085
- JSON: https://secwatch.observer/filing/0001084765-25-000085.json
- Plain text: https://secwatch.observer/filing/0001084765-25-000085.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $50.0 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: Term SOFR plus a margin ranging from 1.25% to 2.50% or the Base Rate plus a marg
  - Maturity: November 30, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/0001084765-25-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.