Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Definitive Material Agreement. On May 27, 2026 (the “Amendment Date”), Maximus, Inc. (the “Company”) entered into the Second Amendment to Amended and Restated Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., in its capacity as administrative agent, the loan parties party thereto and the other lenders and financial institutions party thereto, which amended t…
Filed May 28, 2026Accepted May 28, 2026, 4:15 PM EDTCIK 1032220Accession 0001032220-26-000030
As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus provides tech-enabled services to government agencies, including innovative business process management and technology solutions, that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Definitive Material Agreement.
On May 27, 2026 (the “Amendment Date”), Maximus, Inc. (the “Company”) entered into the Second Amendment to Amended and Restated Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., in its capacity as administrative agent, the loan parties party thereto and the other lenders and financial institutions party thereto, which amended that certain Amended and Restated Credit Agreement, dated as of May 30, 2024 (as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of March 20, 2025, the “Credit Agreement), by and among the Company, as borrower, JPMorgan Chase Bank, N.A., in its capacity as administrative agent, collateral agent, an issuing lender and swing line lender, and the other lenders and financial institutions from time to time party thereto. The Amendment provides for new term B loans in an aggregate principal amount of $325,000,000 (the “Tranche B-1 Term Loans”) in the form of an increase to the existing term B loans, the proceeds of which will be used to (w) repay revolving loans outstanding under the Credit Agreement, (x) repurchase capital stock of the Company, (y) for working capital and (z) pay fees and expenses in connection with the Amendment. The Tranche B-1 Term Loans have the same terms as the existing term B loans under the Credit Agreement.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance-Sheet Arrangement of a Registrant.
The disclosure set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
