Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HireQuest, Inc. incurred credit facility of $50,000,000 with Bank of America, N.A. at BSBY Daily Floating Rate plus a margin between 1.00% and 1.75% per annum maturing February 28, 2028.
- Instrument
- credit facility
- Principal
- $50,000,000
- Counterparty
- Bank of America, N.A.
- Rate
- BSBY Daily Floating Rate plus a margin between 1.00% and 1.75% per annum
- Maturity
- February 28, 2028
- Event
- incurrence
Exact text from the filing
On February 28, 2023 HireQuest, Inc. (the "Company") and all of its subsidiaries as borrowers (collectively with the Company, the "Borrowers") entered into a Revolving Credit and Term Loan Agreement with Bank of America, N.A. (the "Bank") for a $50,000,000 revolving facility (the " Senior Credit Facility "), which includes a $20,000,000 sublimit for the issuance of standby letters of credit (each a " Letter of Credit ").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HireQuest, Inc. entered into Revolving Credit and Term Loan Agreement with Bank of America, N.A. valued at $50,000,000 (effective 2023-02-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $50,000,000
- Effective
- 2023-02-28
Exact text from the filing
On February 28, 2023 HireQuest, Inc. (the "Company") and all of its subsidiaries as borrowers (collectively with the Company, the "Borrowers") entered into a Revolving Credit and Term Loan Agreement with Bank of America, N.A. (the "Bank") for a $50,000,000 revolving facility (the “ Senior Credit Facility ”)
View on SEC.gov