Maximus adds $325 million in term B loans under amended JPMorgan credit agreement
Maximus entered into a Second Amendment to its credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, on May 27, 2026. The amendment provides $325 million of new Tranche B-1 term loans, an increase to the existing term B loans, which the company may use to repay revolving loans, repurchase its capital stock, fund working capital, and pay fees. The added debt increases the company's borrowings, and shareholders will bear the cost of the loans, though the filing does not state how the proceeds will be split among these uses.
Key points
- New Tranche B-1 Term Loans totaling $325,000,000 added as an increase to existing term B loans
- Loans have the same terms as the existing term B loans under the Credit Agreement
- Proceeds may repay revolving loans, repurchase capital stock, fund working capital, and pay fees and expenses
- Amendment dated May 27, 2026; full text filed as Exhibit 10.1
The filing
Written by AI on Nov 8, 2026, 1:38 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 May 28, 2026.
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.