UniFirst Corp. Files 8-K for Material Definitive Agreement

TL;DR

UniFirst Corp. signed a big deal, filing an 8-K. Details TBD.

AI Summary

On August 12, 2025, UniFirst Corp. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Massachusetts, filed an 8-K report detailing this event. The filing does not specify the exact nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates UniFirst Corp. has entered into a significant financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial implications for the company.

Key Players & Entities

• UniFirst Corp. (company) — Registrant
• Massachusetts (jurisdiction) — State of incorporation
• August 12, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 par value per share UNF New York St
• $300,000,000 — . The Credit Agreement provides for a $300,000,000 unsecured, revolving credit facility, o
• $150,000,000 m — ed, revolving credit facility, of which $150,000,000 may be used for issuances of letters of c
• $100,000,000 — of revolving or term tranches) of up to $100,000,000, for a total aggregate commitment of up
• $400,000,000 — r a total aggregate commitment of up to $400,000,000. As of August 12, 2025, the current i

Filing Documents

• unf-20250812.htm (8-K) — 62KB
• unf-ex10_1.htm (EX-10.1) — 1720KB
• 0000717954-25-000006.txt ( ) — 2110KB
• unf-20250812.xsd (EX-101.SCH) — 29KB
• unf-20250812_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On August 12, 2025, UniFirst Corporation and certain of its subsidiaries (the "Company") entered into a Third Amended and Restated Credit Agreement (the "Credit Agreement") with Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, the other lenders party thereto, BofA Securities, Inc., as Sole Lead Arranger and Sole Book Manager, Santander Bank, N.A., as Syndication Agent, and Wells Fargo Bank, N.A., as Documentation Agent. The Credit Agreement amends and restates the Second Amended and Restated Credit Agreement, dated as of March 26, 2021, by and among the Company, Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, the other lenders party thereto, BofA Securities, Inc., as Sole Lead Arranger and Sole Book Manager, Santander Bank, N.A., as Syndication Agent, and Wells Fargo Bank, National Association, as Documentation Agent. The Credit Agreement provides for a $300,000,000 unsecured, revolving credit facility, of which $150,000,000 may be used for issuances of letters of credit. The Credit Agreement is scheduled to mature on August 12, 2030. Provided there is no default or event of default under the Credit Agreement and the Company would be in compliance with its financial covenants on a pro forma basis, the Company may, from time to time, request an increase in the aggregate commitments under the Credit Agreement (in the form of revolving or term tranches) of up to $100,000,000, for a total aggregate commitment of up to $400,000,000. As of August 12, 2025, the current interest rate for any Secured Overnight Financing Rate ("SOFR") rate borrowings under the Credit Agreement, based on the Company's current consolidated funded debt ratio, is SOFR plus 1.00%. The specific spread over SOFR will depend on the Company's consolidated funded debt ratio. During an event of default under the Credit Agreement, obligations under the Credit Agreement wi

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Please see the discussion set forth in Item 1.01 of this Current Report on Form 8-K, which discussion is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Third Amended and Restated Credit Agreement, by and among UniFirst Corporation and certain of its subsidiaries, as Borrowers, Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, the other lenders party thereto, BofA Securities, Inc., as Sole Lead Arranger and Sole Book Manager, Santander Bank, N.A., as Syndication Agent and Wells Fargo Bank, N.A., as Documentation Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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. UNIFIRST CORPORATION Date: August 14, 2025 By: /s/ Steven S. Sintros Steven S. Sintros President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR