MAXIMUS, INC. 8-K

What Happened MAXIMUS, Inc. announced on May 27, 2026 that it entered into a Second Amendment to its Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent and the other lenders. The amendment provides for Tranche B-1 Term Loans in an aggregate principal amount of $325,000,000 as an increase to the existing Term B loans. The new loans carry the same terms as the existing Term B loans.

Key Details

• Amendment date: May 27, 2026; original Credit Agreement dated May 30, 2024 (first amended March 20, 2025).
• New debt: $325,000,000 in Tranche B-1 Term Loans (increase to existing Term B loans).
• Lender/agent: JPMorgan Chase Bank, N.A. (administrative agent and others party to the facility).
• Use of proceeds: repay outstanding revolving loans, repurchase capital stock, working capital, and pay fees/expenses related to the amendment.

Why It Matters The amendment creates a direct financial obligation that increases MAXIMUS’s term debt by $325M. Proceeds will be used in part to repurchase stock and to reduce revolver borrowings, which changes the company’s capital structure and cash flow obligations (interest and principal payments). Investors should note this is a material financing action (Item 1.01) that may affect leverage and liquidity metrics reported in future disclosures. The full amendment text is filed as Exhibit 10.1 to the 8-K.