Kforce Secures $200M Credit Facility
Ticker: KFRC · Form: 8-K · Filed: Jun 17, 2025 · CIK: 930420
| Field | Detail |
|---|---|
| Company | Kforce Inc (KFRC) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, debt
Related Tickers: KFRC
TL;DR
Kforce just inked a $200M credit line with Bank of America, maturing in 2030. Good for general ops.
AI Summary
Kforce Inc. announced on June 13, 2025, that it has entered into a new credit agreement with Bank of America, N.A. This agreement provides Kforce with a $200 million revolving credit facility, which matures on June 13, 2030. The company intends to use this facility for general corporate purposes.
Why It Matters
This new credit facility provides Kforce with enhanced financial flexibility for its ongoing operations and strategic initiatives.
Risk Assessment
Risk Level: low — The filing details a standard credit agreement, which is a common and generally low-risk financial activity for a company.
Key Numbers
- $200M — Revolving Credit Facility (Provides financial flexibility for general corporate purposes.)
- 2030 — Maturity Date (Indicates the term of the credit facility.)
Key Players & Entities
- Kforce Inc. (company) — Registrant
- Bank of America, N.A. (company) — Lender
- $200 million (dollar_amount) — Revolving credit facility amount
- June 13, 2025 (date) — Date of credit agreement
- June 13, 2030 (date) — Maturity date of credit facility
FAQ
What is the purpose of the new credit agreement?
The credit agreement is intended for Kforce Inc.'s general corporate purposes.
Who is the lender for the new credit facility?
The lender for the new credit facility is Bank of America, N.A.
What is the total amount of the revolving credit facility?
The total amount of the revolving credit facility is $200 million.
When does the new credit facility mature?
The new credit facility matures on June 13, 2030.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is June 13, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 17, 2025 regarding KFORCE INC (KFRC).