secwatch.observer — SEC 8-K summary
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Issuer:     Cadre Holdings, Inc. (CDRE)
CIK:        0001860543
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001104659-24-131303
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860543/000110465924131303/0001104659-24-131303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860543/000110465924131303/tm2431797d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-131303

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