secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMCON DISTRIBUTING CO (DIT)
CIK:        0000928465
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001157523-23-000176
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/0001157523-23-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928465/000115752323000176/a53303783.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer