---
schema_version: "secwatch.filing_event.v1"
accession: "0001474903-23-000075"
form_type: "8-K"
ticker: "BGSF"
cik: "0001474903"
company_name: "BGSF, INC."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:24:32.582944+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# BGSF amends credit agreement, ups revolving facility to $41M

## Summary
- Fourth Amendment to Credit Agreement entered May 19, 2023, maturing July 16, 2024.
- Revolving facility increased from $35M to $41M.
- Interest at Base Rate or Adjusted Term SOFR plus Applicable Margin.
- Unused commitment fee on daily average unused amount of the facility.

## SEC filing metadata
- accession: 0001474903-23-000075
- form_type: 8-K
- ticker: BGSF
- cik: 0001474903
- company_name: BGSF, INC.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000075/0001474903-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000075/bgsf-20230519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474903-23-000075
- JSON: https://secwatch.observer/filing/0001474903-23-000075.json
- Plain text: https://secwatch.observer/filing/0001474903-23-000075.txt

## Key facts
- Debt Financings
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000075/0001474903-23-000075-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000075/0001474903-23-000075-index.htm

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