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Resources Connection enters secured revolving credit facility up to $30 million with PNC Bank-led lenders

PUBT·07/16/2026 20:03:38
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Resources Connection enters secured revolving credit facility up to $30 million with PNC Bank-led lenders
  • Resources Connection entered a secured revolving credit facility with PNC Bank as agent on July 15, 2026.
  • Facility size up to $30 million, subject to a borrowing base tied to eligible receivables.
  • Includes a $5 million standby letter of credit sublimit; $15 million swing loan sublimit; maturity set for July 15, 2031.
  • Pricing set at Term SOFR plus 1.75%-2.25% or alternate base rate plus 0.75%-1.25%, based on consolidated EBITDA.
  • Replaced the prior Bank of America-led 2025 credit agreement, which was terminated on July 13, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Resources Connection Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001084765-26-000041), on July 16, 2026, and is solely responsible for the information contained therein.