---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-003231"
form_type: "8-K"
ticker: "NRC"
cik: "0000070487"
company_name: "NRC HEALTH"
filed_at: "2025-02-10T23:59:59+00:00"
generated_at: "2026-05-27T00:37:42.259192+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-003231
- form_type: 8-K
- ticker: NRC
- cik: 0000070487
- company_name: NRC HEALTH
- filed_at: 2025-02-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70487/000143774925003231/0001437749-25-003231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70487/000143774925003231/nrc20250207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-003231
- JSON: https://secwatch.observer/filing/0001437749-25-003231.json
- Plain text: https://secwatch.observer/filing/0001437749-25-003231.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.