HEALTHCARE SERVICES GROUP INC 8-K

What Happened

• HealthCare Services Group, Inc. (HCSG) announced a Second Amendment to its existing $300,000,000 Credit Agreement dated April 7, 2026. The amendment extends the Credit Agreement’s maturity date to April 7, 2031 and adds a daily SOFR rate option. PNC Bank, National Association remains the administrative agent and the Company’s wholly‑owned subsidiaries (other than HCSG Insurance Corp.) continue as parties.

Key Details

• Second Amendment effective date: April 7, 2026.
• Credit facility size: $300,000,000 (existing Credit Agreement originally dated December 21, 2018; previously amended November 22, 2022).
• New maturity date: April 7, 2031.
• Interest option added: daily SOFR rate option (in addition to existing rate options).
• Document: Second Amendment filed as Exhibit 10.1 to the Form 8‑K.

Why It Matters

• Extending the maturity to 2031 pushes out the Company’s near‑term refinancing need, providing a longer liquidity runway under the existing $300M facility.
• Adding a daily SOFR option updates the loan’s interest rate mechanics to align with market benchmarks (replacement for LIBOR), which can affect the Company’s future interest expense and rate volatility.
• Except for the changes in the amendment, the Credit Agreement’s other terms remain in effect; investors should review the filed amendment (Exhibit 10.1) for full details on any covenant or pricing changes.