secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001437749-24-036800
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774924036800/0001437749-24-036800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774924036800/rcmt20241203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-036800

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer