Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BGSF, INC. amended revolving credit of up to $41 million with BMO Harris Bank, N.A. at Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable M maturing July 16, 2024.
- Instrument
- revolving credit
- Principal
- up to $41 million
- Counterparty
- BMO Harris Bank, N.A.
- Rate
- Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable M
- Maturity
- July 16, 2024
- Event
- amendment
Exact text from the filing
On May 19, 2023, BGSF, Inc. (the “Company”) entered into a Fourth Amendment to the Credit Agreement (the “Credit Agreement”), maturing July 16, 2024, lead by BMO Harris Bank, N.A. (“BMO”), as lead administrative agent, lender, letters of credit issuer, and swing line lender. The Credit Agreement provides for the revolving facility (the “Revolving Facility”) permitting the Company to borrow funds from time to time in an aggregate amount up to $41 million (the initial Revolving Facility of $35 million). The Fourth Credit Amendment bears interest either at the Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable Margin (as such terms are defined in the Fourth Credit Amendment).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BGSF, INC. amended Fourth Amendment to the Credit Agreement with BMO Harris Bank, N.A. valued at $41 million (effective 2023-05-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- BMO Harris Bank, N.A.
- Value
- $41 million
- Effective
- 2023-05-19
Exact text from the filing
On May 19, 2023, BGSF, Inc. (the “Company”) entered into a Fourth Amendment to the Credit Agreement (the “Credit Agreement”), maturing July 16, 2024, lead by BMO Harris Bank, N.A. (“BMO”), as lead administrative agent, lender, letters of credit issuer, and swing line lender. The Credit Agreement provides for the revolving facility (the “Revolving Facility”) permitting the Company to borrow funds from time to time in an aggregate amount up to $41 million
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