---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031473"
form_type: "8-K"
ticker: "CLAR"
cik: "0000913277"
company_name: "Clarus Corp"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T03:18:21.835160+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clarus closes $175M sale of Precision Sport segment to JDH Capital; pays off all debt

## Summary
- Sale of Sierra Bullets & Barnes Bullets for $175M cash (before ~$742 working capital adjustment) closed Feb 29, 2024.
- Net proceeds ~$37.9M after repaying $122.6M outstanding credit facility & term loan; credit agreement terminated.
- Pro forma loss from continuing ops of $92.8M (FY2022) and $8.6M (9mo2023) after removing segment revenues/expenses.
- Company becomes pure-play outdoor business; investor day on March 11, 2024 to discuss strategy & growth.
- Pro forma cash $56.1M, debt zero as of Sept 30, 2023 basis after sale.

## SEC filing metadata
- accession: 0001104659-24-031473
- form_type: 8-K
- ticker: CLAR
- cik: 0000913277
- company_name: Clarus Corp
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/tm248087d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031473
- JSON: https://secwatch.observer/filing/0001104659-24-031473.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031473.txt

## Key facts
- M&A Transactions
  Clarus Corp completed a disposition involving Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company for $175 million (closed 2024-02-29).
  - Action: disposition
  - Counterparty: Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company
  - Consideration: $175 million
  - Closing: 2024-02-29
  source text: the Company and Seller agreed to sell all of the equity associated with the Company’s Precision Sport segment, which is comprised of the Company’s subsidiaries Sierra and Barnes to the Buyer for a purchase price of $175 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm
- Material Agreements
  Clarus Corp terminated Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2024-02-29).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2024-02-29
  source text: Contemporaneous with the closing of the Sale Transaction (hereinafter defined), Clarus Corporation (the “Company”) directed $135,013,124 of the proceeds from the closing of the Sale Transaction to payoff any and all outstanding borrowings under that certain Amended and Restated Credit Agreement, dated April 18, 2022, by and among the Company, Black Diamond Retail, Inc., Black Diamond Retail – Alaska, LLC, Sierra Bullets, L.L.C. (“Sierra”), SKINourishment, LLC, Black Diamond Retail – Colorado, LLC, Black Diamond Retail – Montana, LLC, Black Diamond Retail – Wyoming, LLC, Barnes Bullets-Mona, LLC (“Barnes”), Black Diamond Retail – Oregon, LLC, Black Diamond Retail – Vermont, LLC (collectively with the Company, the “Borrowers”) and the other loan parties party thereto (together with the Borrowers, each a “Loan Party”, and collectively, the “Loan Parties”) and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) and the lenders party thereto (the “Amended and Res
  evidence_url: https://www.sec.gov/Archives/edgar/data/913277/000110465924031473/0001104659-24-031473-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.