---
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"
generated_at: "2026-06-19T23:37:42.066156+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AMCON closes $55M acquisition of Henry's Foods; secures $40M ABL and $7M equipment financing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000176
- JSON: https://secwatch.observer/filing/0001157523-23-000176.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000176.txt

## Key facts
- M&A Transactions
  AMCON DISTRIBUTING CO completed an acquisition involving Henry's Foods, Inc., The Eidsvold Family LLC for approximately $55.0 million (closed 2023-02-03).
  - Action: acquisition
  - Counterparty: Henry's Foods, Inc., The Eidsvold Family LLC
  - Consideration: approximately $55.0 million
  - Closing: 2023-02-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm
- Material Agreements
  AMCON DISTRIBUTING CO entered into Loan Agreement with BMO Harris Bank N.A. (effective 2023-02-03).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: BMO Harris Bank N.A.
  - Effective: 2023-02-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm

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