Maximus, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - mms-20210930.htm

Debt - Narrative (Details)

v3.21.2

Debt - Narrative (Details)		3 Months Ended	12 Months Ended
Debt - Narrative (Details)	May 28, 2021 USD ($)	Dec. 31, 2021	Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)
Debt Instrument [Line Items]
Annual effective interest rate			2.05%
Outstanding balance			$ 1,509,692,000	$ 28,895,000
Costs related to debt financing			$ 8,509,000	$ 0	$ 0
Secured Debt
Debt Instrument [Line Items]
Floor interest rate	0.50%
Net total leverage ratio			2.3
Maximum amount netted against funded debt			$ (75,000,000)
Net total leverage ratio maximum			400.00%
Covenant, interest coverage ratio, minimum			300.00%
Covenant, interest coverage ratio			1700.00%
Secured Debt \| Term Loan A, due 2026
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Secured Debt \| Term Loan A, due 2026 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Net total leverage ratio	2.5
Secured Debt \| Term Loan A, due 2026 \| LIBOR \| Forecast
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Secured Debt \| Term Loan B, due 2028
Debt Instrument [Line Items]
Debt instrument, face amount	$ 400,000,000
Secured Debt \| Term Loan B, due 2028 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 600,000,000
Outstanding balance			$ 0
Bridge Loan
Debt Instrument [Line Items]
Costs related to debt financing			$ 8,500,000

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