RCM TECHNOLOGIES, INC. 8-K

What Happened

• RCM Technologies, Inc. (the Company) and its subsidiaries entered into Amendment No. 1 to the Fifth Amended and Restated Loan Agreement (originally dated Dec. 3, 2024) with Citizens Bank, N.A. The amendment increases the total revolving commitment from $65,000,000 to $75,000,000 effective February 20, 2026 through August 31, 2026.
• Beginning September 1, 2026 and through the loan maturity date, the total commitment reverts to $65,000,000. If outstanding revolving loans exceed $65,000,000 on September 1, 2026, the excess will automatically become due and payable in full. Except for these changes, the loan agreement remains unchanged. The amendment is attached as Exhibit 99.1 to the 8-K.

Key Details

• Lender/Agent: Citizens Bank, N.A. (lender and administrative agent).
• Temporary increase: Commitment cap raised from $65,000,000 to $75,000,000 from Feb 20, 2026 to Aug 31, 2026.
• Reversion date: Commitment returns to $65,000,000 on Sept 1, 2026; amounts over $65M then become immediately due.
• Agreement referenced: Fifth Amended and Restated Loan Agreement dated Dec 3, 2024; amendment does not otherwise modify the agreement.

Why It Matters

• Liquidity: The temporary $10M increase gives RCM Technologies more short-term borrowing capacity, which can help manage cash needs or fund operations through Aug 31, 2026.
• Repayment risk by Sept 1: Any outstanding revolver above $65M must be repaid on Sept 1, 2026, so the company will need cash or other financing if borrowings remain above that level at that time.
• No other covenant or maturity changes were disclosed, so investors should view this as a near-term liquidity adjustment rather than a longer-term change to the financing structure.