CRA INTERNATIONAL, INC. — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 32/100
What the filing says
CRA International executed an Amended and Restated Credit Agreement effective July 31, 2026, with Bank of America as Administrative Agent. The facility consists of a $75 million Term Loan and a $325 million (decreasing seasonally to $250 million) Revolving Credit Facility, both maturing July 31, 2031. The agreement includes three designated foreign borrowers (UK and Canadian subsidiaries) and supports alternative currency borrowing (Euros, Sterling, Canadian Dollars, Swiss Francs). Pricing is tiered leverage-based, ranging from 1.25%–2.00% on SOFR loans with 0.175%–0.250% commitment fees.
Why this rating
Routine refinancing of existing credit facility. No material change in size (~$400M total vs. prior agreement), terms, or borrowing entities. Administrative refresh with standard covenants; unremarkable for a $1.2B company.
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