Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 34K
2: EX-10.1 Material Contract HTML 1.58M
6: R1 Cover HTML 47K
9: XML IDEA XML File -- Filing Summary XML 11K
7: XML XBRL Instance -- hcsg-20221122_htm XML 21K
8: EXCEL IDEA Workbook of Financial Reports XLSX 8K
4: EX-101.LAB XBRL Labels -- hcsg-20221122_lab XML 69K
5: EX-101.PRE XBRL Presentations -- hcsg-20221122_pre XML 34K
3: EX-101.SCH XBRL Schema -- hcsg-20221122 XSD 10K
10: JSON XBRL Instance as JSON Data -- MetaLinks 12± 17K
11: ZIP XBRL Zipped Folder -- 0000731012-22-000089-xbrl Zip 230K
Registrant's
telephone number, including area code: (i215) i639-4274
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions:
( i☐ ) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
( i☐ ) Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
( i☐ ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
( i☐ ) Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
iCommon Stock, $.01 par value
iHCSG
iNASDAQ
Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01
Entry into a Material Definitive Agreement
Healthcare
Services Group, Inc. (the "Company") renewed an existing line of credit through the execution of an Amended Credit Agreement dated November 22, 2022 (the “New Credit Facility”), by and among the Company, the several banks and other financial institutions or entities that are from time to time parties thereto (the “Lenders”), and PNC Bank, National Association, as administrative agent (the “Administrative Agent”). The New Credit Facility, which matures on November 22, 2027 provides for a five-year unsecured revolving loan facility in the aggregate amount of $300 million with, at the Company's option, the ability to increase the revolving loan commitments to an aggregate amount
not to exceed $500 million. The New Credit Facility permits up to $50 million of the revolving loan facility to be borrowed as swingline loans and up to $125 million of the revolving loan facility to fund letters of credit. The Company will borrow under the New Credit Facility for general corporate purposes.
The New Credit Facility amends the Company’s existing $475 million Revolving Credit Facility, dated December 21, 2018 (the "Previous Credit Facility"), which was scheduled to expire on December 21, 2023. The New Credit Facility amends the Previous Credit Facility to, among other things, change the benchmark rate
from the London Interbank Offered Rate ("LIBOR") to the secured overnight financing rate as administered by the Federal Reserve Bank of New York ("SOFR").
The foregoing description of the New Credit Facility is not complete and is qualified in its entirety by reference to the full terms and conditions of the New Credit Facility, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
Item
2.03
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant
Cover page Interactive Data File (embedded within the Inline XBRL document)
*Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon its request.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
