HCSG · Healthcare Services Group, Inc.

The Second Amendment to Healthcare Services Group's Credit Agreement represents a significant refinancing of the company's existing $300 million credit facility. By extending the maturity date to April 2031, the company secures longer-term financing stability and reduces near-term refinancing risk. The addition of a daily SOFR rate option provides the company with greater flexibility in managing interest rate exposure amid changing market conditions. The amendment required several conditions precedent, including the delivery of five-year financial projections and the addition of Core Procure, LLC as a borrower, suggesting potential organizational changes or expanded borrowing needs. The company's representations that no Material Adverse Change has occurred since December 2025 and that the Loan Parties remain solvent provide investors with reassurance about the company's financial health and ability to service the debt under the amended terms.