Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Bowman Consulting Group Ltd. amended revolving credit of $50 million from $25 million with Bank of America, N.A. at Term SOFR, plus an applicable rate which varies between 2.00% and 2.60% maturing September 30, 2024.
- Instrument
- revolving credit
- Principal
- $50 million from $25 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR, plus an applicable rate which varies between 2.00% and 2.60%
- Maturity
- September 30, 2024
- Event
- amendment
Exact text from the filing
The Amended and Restated Credit Agreement has an initial term ending September 30, 2024 and increases the maximum principal amount of the revolving line of credit to $50 million from $25 million under the prior credit agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bowman Consulting Group Ltd. amended Amended and Restated Credit Agreement with Bank of America, N.A. valued at $50 million (effective 2022-11-11).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $50 million
- Effective
- 2022-11-11
Exact text from the filing
On November 11, 2022, Bowman Consulting Group Ltd. (the “Company”) and certain of its subsidiaries entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) with Bank of America, N.A. (the “Bank”) which amended and restated in its entirety the previously existing credit agreement between the Company and the Bank dated as of August 24, 2017, as amended from time to time.
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