EDGAR·FLOW

KELLY SERVICES INC — Form 10-Q

Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q — Neutral significance 28/100
What the filing says
Kelly Services Inc executed Amendment No. 6 (dated June 22, 2026) to its First Amended and Restated Receivables Purchase Agreement with PNC Bank, National Association as administrator. The agreement governs a $250 million receivables purchase facility through which Kelly Receivables Funding LLC sells undivided ownership interests in accounts receivable to PNC and related purchasers. Amendment 6 incorporates technical modifications to terms, including updates to benchmark rate provisions (SOFR replacement language) and conforming changes to daily interest calculation mechanics, effective as of the amendment date. No material change to facility size, counterparties, or economic terms is disclosed in the filing text.
Why this rating

Routine amendment to existing receivables financing program; boilerplate rate/administrative updates, no change to $250M facility size relative to $364M market cap; ordinary course transaction.

View original filing on SEC.gov ↗ KELYB · stock on Yahoo Finance ↗

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