secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001084765-25-000085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/0001084765-25-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000108476525000085/rgp-20250702.htm
  HTML page:      https://secwatch.observer/filing/0001084765-25-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer