Resolute Holdings Management, Inc. 8-K

What Happened

• On February 20, 2026, Resolute Holdings Management, Inc. (RHLD) entered into a new Credit Agreement with its lenders and JPMorgan Chase Bank, N.A. as administrative agent. The new agreement replaces the company’s prior $5 million senior secured revolving facility (the prior facility was undrawn before the refinancing) with an upsized $30 million senior secured revolving credit facility that matures on February 20, 2031. The company filed the 8‑K on February 23, 2026.

Key Details

• New facility size: $30.0 million revolving credit facility maturing February 20, 2031.
• Interest: Borrowings at company’s option either (i) prime/alternative base rate plus a 1.00% margin (prime, NY Fed rate +0.5% or 1‑month Term SOFR +1.00%, floored at 0.00%), or (ii) Term SOFR–based rate plus a 2.00% margin (Term SOFR floored at 0.00%).
• Incremental capacity: Uncommitted incremental facility equal to the greater of $10 million and 20% of trailing four‑quarter EBITDA.
• Covenants: Includes a minimum revenue requirement and, beginning with the quarter ending March 31, 2026, a leverage covenant requiring the company’s leverage ratio to be no greater than 3.00 to 1.00 on the last day of any fiscal quarter.
• Other: The prior $5M facility was undrawn at refinancing and no amounts were repaid; JPMorgan Chase Bank, N.A. serves as administrative agent.

Why It Matters

• This refinancing materially increases Resolute’s committed borrowing capacity (from $5M to $30M) and adds potential incremental borrowings tied to EBITDA, giving the company more liquidity flexibility. The financial covenants—particularly the leverage limit effective March 31, 2026—will be important for investors to monitor, as they can affect the company’s ability to borrow and its covenant compliance going forward. The full Credit Agreement will be filed as an exhibit to Resolute’s next Form 10‑Q for complete terms.