secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001104659-22-048401
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus amends credit facility: $300M revolver, $125M term loan, maturity April 2027
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- New $300M secured revolving credit facility and $125M term loan fully drawn on April 18, 2022.
- Revolver includes $5M sublimit for letters of credit; option for up to $175M additional commitments.
- Maturity date April 18, 2027; term loan amortizes quarterly starting June 30, 2022.
- Interest based on SOFR or alternate base rate plus margin of 0.50%-2.625% depending on leverage ratio.
- Financial covenants: maximum total leverage ratio 3.75:1 (4.25:1 for acquisitions) and minimum fixed charge coverage 1.25:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465922048401/0001104659-22-048401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465922048401/tm2213038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-048401

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