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AI brief of an SEC Form 8-K · PC Connection (CNXN)

PC Connection amends credit facility, replacing LIBOR references with BSBY Rate

Neutral Impact 2 of 5 financing Written later

PC Connection entered into a Fourth Amendment to its credit agreement with Citizens Bank, N.A. on June 13, 2023, under which the company may borrow up to $50.0 million, with an option to increase that to $80.0 million in certain circumstances. The amendment mainly replaces LIBOR-based references with the BSBY Rate and related loan terms, and the filing does not describe changes to borrowing limits or financial covenants.

Key points

  • Amendment dated June 13, 2023, with Citizens Bank, N.A. as agent and lender
  • Credit facility allows borrowing up to $50.0 million, expandable to $80.0 million at the company's option in certain circumstances
  • 'LIBOR Rate' references replaced with 'BSBY Rate', defined with a 0.00% floor
  • Filed as Exhibit 10.1 to the 8-K

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECJun 13, 2023, 4:15 PM ET
Accession number0001558370-23-011034

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 13, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.