secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2026-07-16T20:02:46+00:00
Accession:  0001084765-26-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000108476526000041/0001084765-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000108476526000041/rgp-20260710.htm
  HTML page:      https://secwatch.observer/filing/0001084765-26-000041

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