---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011034"
form_type: "8-K"
ticker: "CNXN"
cik: "0001050377"
company_name: "PC CONNECTION INC"
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:48:04.886060+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# PC Connection amends credit facility to replace LIBOR with BSBY benchmark rate

## Summary
- Fourth Amendment to Third Amended and Restated Credit and Security Agreement, effective June 13, 2023.
- All LIBOR rate references replaced with BSBY (Bloomberg Short-Term Bank Yield Index) rate.
- Domestic Rate Loan references changed to ABR Loan; LIBOR Rate Loan changed to BSBY Loan.
- Borrowing capacity remains $50 million (with accordion to $80 million) under the facility.
- No changes to financial covenants, guarantors, or other material terms.

## SEC filing metadata
- accession: 0001558370-23-011034
- form_type: 8-K
- ticker: CNXN
- cik: 0001050377
- company_name: PC CONNECTION INC
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050377/000155837023011034/0001558370-23-011034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050377/000155837023011034/cnxn-20230613x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011034
- JSON: https://secwatch.observer/filing/0001558370-23-011034.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011034.txt

## Key facts
- Material Agreements
  PC CONNECTION INC amended Fourth Amendment to Third Amended and Restated Credit and Security Agreement with Citizens Bank, N.A. (effective 2023-06-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Effective: 2023-06-13
  source text: On June 13, 2023, the Company, as borrower, and GovConnection, Inc., PC Connection Sales Corporation, MoreDirect, Inc. and GlobalServe, Inc., as guarantors, entered into the Fourth Amendment to Third Amended and Restated Credit and Security Agreement (the “Amendment”) with Citizens Bank, N.A., as Agent and lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050377/000155837023011034/0001558370-23-011034-index.htm

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