Resources Connection enters $30M secured revolving credit facility with PNC, maturing 2031

RESOURCES CONNECTION, INC.

New $30M secured revolving credit facility with PNC Bank, maturing July 15, 2031; replaces $30M Bank of America facility terminated July 13, 2026.
Interest rates: Term SOFR + 1.75%-2.25% or Alternate Base Rate + 0.75%-1.25%, based on Consolidated EBITDA.
Facility includes $5M sublimit for letters of credit, $15M for swing loans, and uncommitted $20M accordion option.
Board reclassified director classes: Roger Carlile moved from Class III to Class II to equalize class sizes; term now expires at 2026 Annual Meeting.
Obligations secured by substantially all assets of the company and domestic subsidiaries.

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