National Research enters $140M credit facility ($30M revolver + $110M term loan); $62.4M drawn at closing

NRC HEALTH

New credit agreement dated Feb 6, 2025 amends and restates 2020 facility with First National Bank of Omaha.
Revolving credit facility of $30M; $3.5M outstanding at close; matures in 3 years.
Delayed draw term loan of $110M with accordion up to $25M; $62.4M drawn; matures in 5 years.
Interest at Term SOFR + 2.25% to 2.75% based on leverage; covenants: fixed charge coverage ≥1.10x, leverage ≤3.50x.
Facility secured by substantially all assets; restricts stock repurchases and acquisitions subject to exceptions.

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