Business Context and Reporting Period
Company: Maximus, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 27, 2026
Event: Entry into a definitive material agreement regarding debt financing.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity ratios. The primary financial metric disclosed is a new debt obligation:
- New Term B Loans (Tranche B-1): $325,000,000 aggregate principal amount.
- Administrative Agent: JPMorgan Chase Bank, N.A.
- Loan Terms: Identical to existing Term B loans under the Credit Agreement dated May 30, 2024.
Material Changes Versus Prior Period
The filing details a material change in the company's capital structure through the Second Amendment to its Amended and Restated Credit Agreement. This amendment increases the existing Term B loan facility by $325 million. The filing does not provide comparative financial data against prior periods.
Use of Proceeds and Management Commentary
Management has designated the proceeds from the new $325 million Tranche B-1 Term Loans for the following specific purposes:
- Repayment of outstanding revolving loans under the existing Credit Agreement.
- Repurchase of the Company's capital stock.
- Working capital requirements.
- Payment of fees and expenses associated with the Amendment.
Risks and Contingencies: The filing incorporates the full text of the Amendment as Exhibit 10.1 for complete terms and conditions. No specific new risks or contingencies are detailed in the summary text of this 8-K.
Investor Verification Checklist
- Verify the interest rate and maturity date of the new Tranche B-1 Term Loans by reviewing Exhibit 10.1.
- Confirm the exact amount of revolving loans being repaid to assess the net increase in leverage.
- Review the company's subsequent filings for details on the volume and price of capital stock repurchased using these proceeds.
- Assess the impact of the new debt on the company's debt covenants and liquidity position.