TaskUs (NASDAQ: TASK) refinances with $500M term loan and revolver

Rhea-AI Filing Summary

TaskUs, Inc. entered into a Second Amended and Restated Credit Agreement through its subsidiaries, putting in place a new $500 million term loan and $100 million revolving credit facility with a syndicate of lenders led by JPMorgan Chase Bank.

The term loan proceeds refinanced borrowings under the prior credit agreement, covered transaction fees and expenses, and will fund a previously announced special cash dividend to stockholders. The revolver is available for working capital, general corporate purposes, and permitted acquisitions.

Borrowings bear interest at either a Term SOFR rate plus 2.75% or an alternative base rate plus 1.75%, each with stated rate floors. Quarterly principal amortization begins with the fiscal quarter ending September 30, 2026, and the facilities mature five years after the amendment date. The agreement includes a financial maintenance covenant requiring a consolidated total net leverage ratio not to exceed 3.25 to 1.00 and otherwise generally provides additional covenant flexibility while keeping collateral and other terms substantially consistent with the prior facility.

Insights

Credit and capital structure analyst

TaskUs refinances its debt, adds revolver capacity, and funds a special dividend.

The new credit agreement centers on a $500,000,000 term loan and a $100,000,000 revolving facility replacing the prior arrangement. Proceeds refinance existing borrowings, pay fees, and support a previously announced special cash dividend, effectively reshaping the company’s capital structure.

Interest is set at Term SOFR plus 2.75% or an alternative base rate plus 1.75%, with rate floors that cap downside from benchmark rate declines. Mandatory quarterly amortization steps up over time, and the facilities mature five years after the March 11, 2026 amendment date, creating a defined repayment profile.

A consolidated total net leverage ratio not exceeding 3.25 to 1.00 is tested quarterly, while other covenant changes generally increase flexibility compared with the prior agreement. Future disclosures in periodic reports can provide more detail on how this leverage level and dividend funding interact with cash generation and growth plans.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 11, 2026

TaskUs, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-40482		83-1586636
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1650 Independence Drive, Suite 100

New Braunfels, Texas 78132

(Address of Principal Executive Offices) (Zip Code)

(888) 400-8275

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share		TASK		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

In connection with the previous announcement of TaskUs, Inc. (the “Company”), regarding its secured commitments for a comprehensive refinancing of its existing credit facilities, on March 11, 2026 (the “Amendment Date”), TU MidCo, Inc. (“MidCo”), a wholly-owned subsidiary of the Company, TU BidCo, Inc. (the “Borrower”), a direct wholly-owned subsidiary of MidCo, and certain of the Borrower’s other subsidiaries (together with MidCo, the “Guarantors”) entered into a Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The Second Amended and Restated Credit Agreement amends and restates the existing Amended and Restated Credit Agreement, initially dated as of September 25, 2019 (as amended and restated on September 7, 2022 and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the Amendment Date, the “Existing Credit Agreement”) among MidCo, the Borrower, the other Guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

On the Amendment Date, the Borrower borrowed term loans in an amount equal to $500,000,000 and received revolving commitments in an amount equal to $100,000,000. The proceeds of the term loans were used to refinance outstanding borrowings under the Existing Credit Agreement and to pay transaction fees and expenses and will be used to fund the previously announced special cash dividend to the Company’s stockholders. The Borrower will be able to draw on the revolving commitments for working capital and general corporate purposes (including permitted acquisitions).

Loans made under the Second Amended and Restated Credit Agreement will bear interest, at the Borrower’s option, either at (i) a Term SOFR rate plus a margin of 2.75% per annum, subject to a Term SOFR rate floor of 0.00% or (ii) an alternative base rate plus a margin of 1.75% per annum, subject to an alternative base rate floor of 1.00%.

Commencing with the fiscal quarter ending September 30, 2026, the Borrower will be required to make quarterly amortization payments on the last business day of each fiscal quarter in an aggregate principal amount equal to 1.25% of the original principal amount of the term loans for the fiscal quarter ending September 30, 2026 through the fiscal quarter ending March 31, 2029, 1.875% of the original principal amount of the term loans for the fiscal quarter ending June 30, 2029 through the fiscal quarter ending March 31, 2030 and 2.50% of the original principal amount of the term loans thereafter until the maturity date of the term loans. The term loans and revolving commitments under the Second Amended and Restated Credit Agreement will mature on the date that is five years following the Amendment Date.

The Second Amended and Restated Credit Agreement includes a financial maintenance covenant, tested as of the last day of any fiscal quarter, consisting of a consolidated total net leverage ratio not to exceed 3.25 to 1.00.

In addition, the Second Amended and Restated Credit Agreement amended certain covenants of the Existing Credit Agreement to generally provide additional flexibility for the Borrower. All other terms and collateral securing the loans will remain substantially the same as the Existing Credit Agreement except as otherwise amended by the Second Amended and Restated Credit Agreement.

The foregoing description of the Second Amended and Restated Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amended and Restated Credit Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Second Amended and Restated Credit Agreement, dated as of September 25, 2019 and as amended and restated on September 7, 2022, and further amended and restated on March 11, 2026, among TU MidCo, Inc., TU BidCo, Inc., the guarantors party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swing line lender and an L/C issuer, and the lenders and L/C issuers party thereto from time to time.
104		Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				TASKUS, INC.
				By:		/s/ Balaji Sekar
						Name: Balaji Sekar
						Title: Chief Financial Officer
Date: March 17, 2026

FAQ

What new credit facilities did TaskUs (TASK) enter into on March 11, 2026?

TaskUs, via subsidiaries, entered a Second Amended and Restated Credit Agreement providing a $500 million term loan and $100 million revolving credit facility with lenders led by JPMorgan Chase Bank. This replaces the prior credit agreement while keeping collateral and many terms substantially similar.

How will TaskUs use the $500 million term loan under the new agreement?

The $500 million term loan refinances borrowings under the existing credit agreement, covers transaction fees and expenses, and will fund a previously announced special cash dividend to TaskUs stockholders. This combines balance-sheet refinancing with a capital return funded through the new debt structure.

What are the interest rates on TaskUs’s new term loan and revolver?

Loans bear interest at the borrower’s option at a Term SOFR rate plus 2.75% per year, with a 0.00% Term SOFR floor, or an alternative base rate plus 1.75% per year, with a 1.00% base rate floor. These margins and floors define TaskUs’s future borrowing costs.

When do TaskUs’s new term loan and revolving commitments mature?

Both the term loans and revolving commitments mature on the date that is five years after the March 11, 2026 amendment date. This establishes a medium-term debt maturity profile, replacing the prior facility with a clearly defined five-year tenor for TaskUs’s primary bank financing.

What financial covenant applies to TaskUs under the new credit agreement?

The agreement includes a financial maintenance covenant requiring a consolidated total net leverage ratio not exceeding 3.25 to 1.00, tested at each fiscal quarter-end. This covenant sets an upper limit on leverage and is a key ongoing condition for maintaining TaskUs’s access to the facilities.

How can TaskUs use the $100 million revolving credit facility?

TaskUs’s borrower subsidiary can draw on the $100 million revolver for working capital and general corporate purposes, including permitted acquisitions. This revolving capacity provides ongoing liquidity support alongside the term loan, helping fund day-to-day needs and potential strategic transactions.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.3 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 18.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.4 KB