secwatch / observer
8-K filed May 25, 2023, 7:59 PM ET ticker BGSF CIK 0001474903
debt confidence high sentiment neutral materiality 0.35

BGSF, INC. (BGSF): debt financing — BGSF amends credit agreement, ups revolving facility to $41M

BGSF, INC.

Key facts

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
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

BGSF, INC. filing history →

Source: SEC EDGAR
accession 0001474903-23-000075
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