NRC amends credit agreement to exclude HQ renovation capex from covenant, cap $25M

NRC HEALTH

Second Amendment to Credit Agreement with First National Bank of Omaha dated June 16, 2023.
Revises Consolidated Fixed Charge Coverage Ratio to exclude unfinanced capex for HQ renovation.
Limits total HQ renovation capital expenditures to $25M from January 1, 2023, onward.

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

NRC HEALTH amended Second Amendment to Amended and Restated Credit Agreement with First National Bank of Omaha valued at not to exceed $25,000,000 (effective 2023-06-16).

Action: amendment
Agreement: credit facility
Counterparty: First National Bank of Omaha
Value: not to exceed $25,000,000
Effective: 2023-06-16

Exact text from the filing

On June 16, 2023, National Research Corporation, a Delaware corporation (the “Company”), entered into a Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”) with First National Bank of Omaha, a national banking association (“FNB”), that amends the terms of that certain Amended and Restated Credit Agreement, dated May 28, 2020, by and among the Company and FNB, as amended (the “Credit Agreement”).

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NRC HEALTH filing history →

Source: SEC EDGAR

accession 0001437749-23-018045

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