{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000176","form_type":"8-K","ticker":"DIT","cik":"0000928465","company_name":"AMCON DISTRIBUTING CO","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.630996+00:00","generated_at":"2026-06-19T23:37:42.066156+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AMCON closes $55M acquisition of Henry's Foods; secures $40M ABL and $7M equipment financing","bullets":["Subsidiary LOL Foods acquired substantially all assets of Henry's Foods for ~$55M, inclusive of working capital adjustments.","Funded with $23M from new $40M BMO ABL revolver, $7M BALC equipment loan, and $25M from existing credit facility.","New ABL revolver matures Feb 2026, secured by substantially all assets of the Borrowers including real property.","BALC equipment loan has fixed rate over 60 months; existing facility amended to consent to the acquisition.","Company now operates across eight states with distribution centers; press release issued Feb 6, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000176","json":"https://secwatch.observer/filing/0001157523-23-000176.json","markdown":"https://secwatch.observer/filing/0001157523-23-000176.md","text":"https://secwatch.observer/filing/0001157523-23-000176.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/a53303783.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:37:42.066156+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"202d9401a87d57a7817a9487f09d00d7e04b9409","claim":"AMCON DISTRIBUTING CO completed an acquisition involving Henry's Foods, Inc., The Eidsvold Family LLC for approximately $55.0 million (closed 2023-02-03).","evidence_excerpt":"LOL Foods (or its affiliate, HF, with respect to certain real property) purchased substantially all of Henry’s Foods, Inc. wholesale distribution assets for approximately $55.0 million, inclusive of working capital adjustments as set forth in the Asset Purchase Agreement. The Company or its subsidiaries funded the transaction with borrowings of $23.0 million","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Henry's Foods, Inc., The Eidsvold Family LLC"},{"label":"Consideration","value":"approximately $55.0 million"},{"label":"Closing","value":"2023-02-03"}],"fact_type":"ma_transaction"},{"claim_id":"de2d236db17df46642006289345d0f2ab21bd8d5","claim":"AMCON DISTRIBUTING CO entered into Loan Agreement with BMO Harris Bank N.A. (effective 2023-02-03).","evidence_excerpt":"On February 3, 2023, LOL Foods, Inc. (\"LOL Foods\"), a wholly owned subsidiary of AMCON Distributing Company (the \"Company\"), and HF Real Estate, LLC, a wholly owned subsidiary of the Company (\"HF\" and, together with LOL Foods, the \"Borrowers\"), entered into a Loan and Security Agreement (the \"Loan Agreement\") with BMO Harris Bank N.A. (\"BMO\"), as administrative agent, and the lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BMO Harris Bank N.A."},{"label":"Effective","value":"2023-02-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}