Resources Connection enters secured revolving credit facility up to $30 million with PNC Bank-led lenders
RGP•New credit facility replaces prior agreement
Resources Connection entered a secured revolving credit facility with PNC Bank as agent on July 15, 2026.
The facility is up to $30 million, subject to a borrowing base tied to eligible receivables. It includes a $5 million standby letter of credit sublimit and a $15 million swing loan sublimit, with maturity set for July 15, 2031.
Pricing terms and prior facility termination
Pricing is set at Term SOFR plus 1.75%–2.25% or alternate base rate plus 0.75%–1.25%, based on consolidated EBITDA.
The new facility replaced the prior Bank of America-led 2025 credit agreement, which was terminated on July 13, 2026.
