Smith & Wesson signs $114.5M design-build contract for TN HQ; restructures lease guaranty

SMITH & WESSON BRANDS, INC.

Amended and restated guaranty adds Smith & Wesson Sales as guarantor for Missouri lease; effective Jan 31, 2023.
Lease assignment from SW Sales to American Outdoor Brands effective Jan 1, 2024, subject to Boone County approval.
Design-build contract with Christman for Maryville, TN facility; guaranteed max price $114,533,853.
Total project cost expected to exceed $120M due to inflation and supply chain issues.
Conditions for lease assignment include receipt of landlord release and delivery of incentive documents.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SMITH & WESSON BRANDS, INC. amended AMENDED AND RESTATED GUARANTY with RCS – S&W FACILITY, LLC (effective 2023-01-31).

Action: amendment
Counterparty: RCS – S&W FACILITY, LLC
Effective: 2023-01-31

Exact text from the filing

THIS AMENDED AND RESTATED GUARANTY (this “Guaranty”) is entered into by the undersigned (individually, collectively, jointly and severally, the “Guarantor”) this 31 st day of January, 2023 (the “Effective Date”).

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SMITH & WESSON BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-024121

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