Maximus, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Debt - Narrative (Details)

v3.22.2

Debt - Narrative (Details)		3 Months Ended
Debt - Narrative (Details)	May 28, 2021 USD ($)	Dec. 31, 2021	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 28, 2021 USD ($)
Debt Instrument [Line Items]
Outstanding balance			$ 1,482,974,000	$ 1,509,692,000
Annual effective interest rate			3.40%
Interest rate swap
Debt Instrument [Line Items]
Derivative, notional amount					$ 300,000,000
Derivative, fixed interest rate					0.986%
Secured Debt
Debt Instrument [Line Items]
Net total leverage ratio			2.90
Floor interest rate	0.50%
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			1200.00%
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%	1.50%
Net total leverage ratio	2.50
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%
Secured Debt \| Five Year Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Line of Credit \| Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 600,000,000
Outstanding balance			$ 50,000,000

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