Kelly Services amends credit facility; raises restricted payments limit to $115M

KELLY SERVICES INC

Amended $200M revolver on Nov 4, 2022; restricted payments cap raised from $50M to $115M.
Removed foreign subsidiary borrowers and alternate currency commitments; all loans now USD-only.
Must grant guarantees and liens for four new entities by Mar 31, 2023 or dissolve/merge them.
No default occurred; all representations reaffirmed as true and correct.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KELLY SERVICES INC amended a credit facility with its lenders valued at $200 million (effective 2022-11-04).

Action: amendment
Agreement: credit facility
Counterparty: its lenders
Value: $200 million
Effective: 2022-11-04

Exact text from the filing

On November 4, 2022, Kelly Services, Inc. (the “Company”) entered into an agreement with its lenders to amend and restate its existing $200 million, five-year revolving credit facility.

View on SEC.gov

26 material agreements filed in the last 30 days. Browse all material agreements →

KELLY SERVICES INC filing history →

Source: SEC EDGAR

accession 0001437749-22-026726

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.