secwatch.observer — SEC 8-K summary
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Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001558370-23-011034
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000155837023011034/0001558370-23-011034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000155837023011034/cnxn-20230613x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011034

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