secwatch.observer — SEC 8-K summary
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Issuer:     NRC HEALTH (NRC)
CIK:        0000070487
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001437749-25-003231
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70487/000143774925003231/0001437749-25-003231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70487/000143774925003231/nrc20250207_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-003231

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