{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-005093","form_type":"8-K","ticker":"HQI","cik":"0001140102","company_name":"HireQuest, Inc.","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.970263+00:00","generated_at":"2026-06-18T17:04:08.962291+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"HireQuest enters $50M revolving credit facility with Bank of America, replacing Truist facility","bullets":["New $50M revolving credit facility (expandable to $60M) with Bank of America, matures Feb 28, 2028.","Replaces prior $60M credit agreement with Truist Bank; proceeds used to pay off existing Truist debt.","Interest rate: BSBY Daily Floating Rate plus margin of 1.00%-1.75% based on leverage.","Financial covenants: Asset Coverage >=1.0, Total Funded Debt/EBITDA <=3.0, Fixed Charge Coverage >=1.25.","Facility secured by substantially all assets; includes $20M sublimit for letters of credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-005093","json":"https://secwatch.observer/filing/0001437749-23-005093.json","markdown":"https://secwatch.observer/filing/0001437749-23-005093.md","text":"https://secwatch.observer/filing/0001437749-23-005093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140102/000143774923005093/0001437749-23-005093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140102/000143774923005093/hqi20230217_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T17:04:08.962291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f50270aee2fdeb61decf53a56f2345027f4c1bf0","claim":"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.","evidence_excerpt":"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 \").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140102/000143774923005093/0001437749-23-005093-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"BSBY Daily Floating Rate plus a margin between 1.00% and 1.75% per annum"},{"label":"Maturity","value":"February 28, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f6981eff09bc9d2af1ab65fde2556cfe6d625fd5","claim":"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).","evidence_excerpt":"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 ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140102/000143774923005093/0001437749-23-005093-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$50,000,000"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}