Insperity amends credit facility, raising revolver to $750 million and extending maturity to 2028
Insperity entered into an Eighth Amendment to its credit agreement with Zions Bancorporation (dba Amegy Bank) as administrative agent on December 15, 2025. The amendment increases the revolving credit facility from $650 million to $750 million, lifts the accordion feature from $700 million to $800 million, extends maturity to December 15, 2028, and raises the maximum leverage ratio covenant from 3.00 to 3.75.
Key points
- Revolving facility increased from $650 million to $750 million
- Accordion feature increased from $700 million to $800 million
- Facility maturity extended to December 15, 2028
- Maximum Leverage Ratio covenant raised from 3.00 to 3.75; EBITDA definition also amended
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits 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 December 16, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.