secwatch.observer — SEC 8-K summary
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Issuer:     MasterCraft Boat Holdings, Inc. (MCFT)
CIK:        0001638290
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0000950170-24-111999
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterCraft amends credit agreement to permit Aviara Boats asset sale, dissolves units
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- Fourth Amendment to $100M revolving credit facility; consents to asset sales of Aviara Boats, Mastercraft Services, and Mastercraft International Sales before Dec 31, 2024.
- Borrower prepaid all outstanding Term Loan principal and accrued interest as condition.
- Covenant ratio waivers granted for future periods; dissolution of three subsidiaries permitted upon conditions.
- Amendment also waives restrictions on name change for Aviara Boats if substantially all assets sold.
- Loan parties reaffirm representations; no default exists post-amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024111999/0000950170-24-111999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024111999/mcft-20240927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-111999

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