HARTE HANKS INC (HHS): debt financing — Harte Hanks appoints David Fisher as President and extends $25M credit line to 2028

HARTE HANKS INC

David Fisher named President retroactive to June 2, 2025; previously Chief Transformation Officer since Jan 2024.
Compensation: $400k base salary, bonus target 100% of base, 32,400 stock options, 80,000 RSUs vesting over 3 years.
Second Amendment to $25M ABL credit facility with Texas Capital Bank extends maturity from June 2025 to June 2028.
Accordion feature allows Harte Hanks to seek $10M increase in commitments, subject to lender approval.
Company highlights Project Elevate initiative and focus on EBITDA growth, client innovation, and AI-driven services.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

HARTE HANKS INC amended revolving credit of $25,000,000 with Texas Capital Bank at SOFR plus 2.25% per annum maturing June 30, 2028.

Instrument: revolving credit
Principal: $25,000,000
Counterparty: Texas Capital Bank
Rate: SOFR plus 2.25% per annum
Maturity: June 30, 2028
Event: amendment

Exact text from the filing

On June 24, 2025, Harte Hanks, Inc. (as “Harte Hanks”) and various subsidiaries serving as guarantors (collectively as the “Company”) entered into an amendment (the “Second Amendment”) to its $25,000,000 asset-based revolving credit facility (the “ABL Agreement”) with Texas Capital Bank (“TCB”) to, among other things, extend the maturity date and term of the ABL Agreement from June 30, 2025 to June 30, 2028.

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Source: SEC EDGAR

accession 0001628280-25-033520

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