ATRION CORP: debt financing — Atrion enters $25M credit facility with Wells Fargo; CFO gets change-in-control agreement

ATRION CORP

Entered $25M revolving credit facility with Wells Fargo, maturing Dec 21, 2026; interest at SOFR+1.00%-1.75% or Base Rate+0%-0.75%.
Commitment fee on unused portion 0.30%-0.45% p.a.; financial covenants include max leverage and min fixed charge coverage.
CFO Cindy Ferguson signed change-in-control agreement; provides lump sum equal to 12-month base salary plus full equity vesting upon qualifying termination.
Reaffirmed existing subsidiary guarantees and collateral; restated 2017 credit agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ATRION CORP amended revolving credit of $25.0 million with Wells Fargo Bank, National Association at rate per annum equal to an agreed applicable margin plus, at Company's election, maturing December 21, 2026.

Instrument: revolving credit
Principal: $25.0 million
Counterparty: Wells Fargo Bank, National Association
Rate: rate per annum equal to an agreed applicable margin plus, at Company's election,
Maturity: December 21, 2026
Event: amendment

Exact text from the filing

an Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as lender. The Credit Agreement provides for a $25.0 million revolving credit facility, with an uncommitted feature allowing for the Company to request increases to the revolving credit commitment of up to $50.0 million in the aggregate.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ATRION CORP amended Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $25.0 million (effective 2023-12-21).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: $25.0 million
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, Atrion Corporation (the “Company”), as borrower, entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as lender.

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Source: SEC EDGAR

accession 0001104659-23-130007

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