RESOURCES CONNECTION, INC.
For the period ended Nov 23, 2024. Filed Jan 2, 2025.
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Nov 23, 2024 · Filed Jan 2, 2025
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ITEM 5. Other Information
Insider Trading Arrangements
None.
Amendment to Credit Agreement
On November 12, 2021, the Company and Resources Connection LLC, as borrowers, and all of the Company’s other domestic subsidiaries, as guarantors, entered into a credit agreement with the lenders that are party thereto and Bank of America, N.A. as administrative agent for the lenders (the “Credit Agreement”). On December 31, 2024, the parties entered into an amendment to the Credit Agreement to waive an event of default related to the consolidated interest coverage ratio under the Credit Agreement and to amend certain definitions under the Credit Agreement to exclude the impact of goodwill impairments recognized in the first and second quarters of fiscal 2025. The Company had no debt outstanding under the Credit Facility as of November 23, 2024. See Note 8 –Long-Term Debt in the Notes to Consolidated Financial Statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.
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