RGP enters $30M revolving credit facility with PNC, terminates prior Bank of America line

Filed July 16, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

• high

  Entered $30M asset-based revolving credit facility with PNC Bank, maturing July 2031, with borrowing base tied to eligible receivables; includes $20M uncommitted expansion option exercisable twice before July 2029.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Terminated July 2025 credit agreement with Bank of America in connection with the new PNC facility.

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →
• medium

  Interest rate ranges from Term SOFR plus 1.75%–2.25% or Alternate Base Rate plus 0.75%–1.25%, with margin tied to Consolidated EBITDA; facility includes standard covenants on liens, debt, dividends, and requires maintaining fixed charge coverage ratio and minimum liquidity.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →