RCM Technologies enters $65M credit facility with Citizens Bank, maturing 2029

RCM TECHNOLOGIES, INC.

Total commitment increased to $65.0M from $50.0M; accordion feature permits additional $20M.
Maturity date extended to December 3, 2029; borrowings bear interest at SOFR plus margin or Alternate Base Rate.
Collateralized by substantially all assets; covenants include leverage and interest coverage ratios.
Facility includes $20.0M accordion subject to lender consent; unused facility fee ranges from 20 to 30 bps.
Existing Fourth Amended and Restated Loan Agreement from April 2023 replaced in entirety.

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