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AI brief of an SEC Form 8-K · ScanSource (SCSC)

ScanSource enters $500 million PNC credit facilities, replacing $500 million JPMorgan facility

Neutral Impact 3 of 5 financing Written later

ScanSource entered a new credit agreement with PNC Bank on December 18, 2025, providing a $400 million revolving credit facility and a $100 million term loan, and borrowed the full $100 million term loan that day. The company used the proceeds to repay and terminate its prior $500 million JPMorgan Chase credit agreement, which had been scheduled to expire or mature on September 28, 2027. The new facilities are secured by substantially all company and domestic subsidiary assets and carry leverage and interest coverage covenants.

Key points

  • New credit agreement with PNC Bank: $400 million five-year revolver plus $100 million five-year term loan, dated December 18, 2025
  • $100 million term loan drawn on December 18, 2025
  • Prior $500 million JPMorgan Chase credit agreement terminated and repaid on December 18, 2025
  • Covenants require leverage ratio of 3.50 to 1.00 or less and interest coverage of at least 3.00 to 1.00

The filing

CompanyScanSource (SCSC)
Form8-K, current report
Filed with the SECDec 19, 2025, 5:15 PM ET
Accession number0001193125-25-327081

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 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 19, 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.