HACKETT GROUP, INC. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Hackett Group (public market cap ~$438M) amended and restated its revolving credit facility with Bank of America, extending the maturity date from November 2022 to August 3, 2031—a 9-year extension. The facility maintains a $125M revolving commitment (same as prior) with a $10M letter of credit sublimit and $10M swingline sublimit. Key changes: maturity extension, updated financial covenants (max Consolidated Leverage Ratio of 3.25x for acquisitions), optional Foreign Sub-Facility of up to $45M in alternative currencies, and standard pricing tiers tied to leverage ratio (Term SOFR rate + 137.5–225 bps plus 37.5–125 bps commitment fee depending on leverage).
Why this rating
Routine refinancing. Extension is immaterial relative to firm size (~2.8% of market cap). No new capital raised, same facility size, standard covenant reset.
See more from August 4, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.