Cadre unit Safariland enters $590M amended credit facility with 2029 maturity

Cadre Holdings, Inc.

A&R Credit Agreement provides $175M revolver, $225M term loan (fully drawn to refinance existing debt), $115M delayed draw A-1 (through June 2025), and $75M delayed draw A-2 (through June 2026).
All tranches mature Dec 20, 2029; accordion feature allows up to $100M additional commitments subject to leverage conditions.
Term loan interest rate based on SOFR plus margin of 1.50%-2.50% depending on consolidated total net leverage ratio; commitment fee 0.175%-0.25% on undrawn amounts.
Proceeds from term loan used solely to refinance existing term loan; delayed draws available for permitted acquisitions (A-1) and general corporate purposes including acquisitions (A-2).
No borrowings were made under the revolver, DDTL A-1, or DDTL A-2 on the closing date.

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