secwatch.observer — SEC 8-K summary
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Issuer:     CRA INTERNATIONAL, INC. (CRAI)
CIK:        0001053706
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001104659-22-093450
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CRA International enters $250M revolving credit facility, replaces $175M facility due Oct 2022
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- New five-year $250M revolving credit facility; can be reduced to $200M from July 16–Jan 15.
- Facility includes $35M sublimit for non-U.S. borrowers, $75M sublimit for alternate currencies, $25M for letters of credit.
- At closing, $50M borrowed; proceeds used to repay $50M outstanding under old facility and for general corporate purposes.
- Lenders include Bank of America, Citizens, plus new TD Bank, Eastern Bank, and Brookline Bank.
- CEO Paul Maleh said the facility provides added financial flexibility, improved covenants, and better pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053706/000110465922093450/0001104659-22-093450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053706/000110465922093450/tm2224226d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-093450

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