Hackett Group Enters Amended Credit Agreement; Revolver Increased to $125M

What Happened

• The Hackett Group, Inc. (HCKT) filed an 8‑K reporting that on August 3, 2026 it entered into a Fourth Amended and Restated Credit Agreement with Bank of America, N.A. and the lenders party thereto, which (i) amends and restates its prior credit agreement and (ii) increases its revolving credit capacity by $25 million to a total of $125 million. As of August 3, 2026, $81.0 million was outstanding under the Credit Facility. The Credit Facility now matures on August 3, 2031.
• The company also issued a press release on August 4, 2026 presenting consolidated financial results for the second fiscal quarter ended June 26, 2026 (the press release is filed as Exhibit 99.1 in the 8‑K).

Key Details

• Revolving credit capacity: increased by $25 million to $125.0 million total; $81.0 million outstanding as of Aug 3, 2026.
• Maturity: Credit Facility matures August 3, 2031.
• Pricing: Borrowings at the company’s option of base rate or Term SOFR plus a margin that varies by leverage — Term SOFR margin 1.375%–2.250% (initial 1.625%); base rate margin 0.375%–1.250% (initial 0.625%).
• Fees and covenants: unused commitment fee 0.125%–0.375% (initial 0.225%). Financial covenants require a consolidated fixed charge coverage ratio ≥ 1.50x and consolidated leverage ratio ≤ 3.50x. Obligations are guaranteed by material wholly‑owned domestic subsidiaries and secured by substantially all assets.

Why It Matters

• The amendment provides the company with more available liquidity (an extra $25M) and extends the maturity of its revolver to 2031, which can help with near‑term cash management and financing flexibility.
• The facility sets interest costs tied to Term SOFR or a base rate plus a margin and includes covenants (fixed charge coverage and leverage ratios) and negative covenants (limits on liens, indebtedness, dividends, investments, etc.) that investors should monitor, as they affect the company’s financial flexibility and actions like dividends, repurchases or acquisitions.
• The company’s August 4 press release with Q2 2026 results is attached to the filing for investors seeking the latest operating and financial performance.