---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-132493"
form_type: "8-K"
ticker: "SWBI"
cik: "0001092796"
company_name: "SMITH & WESSON BRANDS, INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:37:03.440739+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Smith & Wesson amends credit facility to replace LIBOR with SOFR; adjusts covenant for relocation costs

## Summary
- Replaced LIBOR with SOFR as the interest rate benchmark in the Amended and Restated Credit Agreement.
- Excludes certain capital expenditures for relocation of headquarters to Maryville, TN from Fixed Charge Coverage Ratio calculation for five quarters starting April 30, 2023.
- Amendment also includes technical, ministerial, and conforming changes.
- Effective April 28, 2023.

## SEC filing metadata
- accession: 0001193125-23-132493
- form_type: 8-K
- ticker: SWBI
- cik: 0001092796
- company_name: SMITH & WESSON BRANDS, INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092796/000119312523132493/0001193125-23-132493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092796/000119312523132493/d460271d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-132493
- JSON: https://secwatch.observer/filing/0001193125-23-132493.json
- Plain text: https://secwatch.observer/filing/0001193125-23-132493.txt

## Key facts
- Material Agreements
  SMITH & WESSON BRANDS, INC. amended First Amendment to Amended and Restated Credit Agreement with TD Bank, N.A. valued at Amendment to credit agreement replacing LIBOR with SOFR, amending definition of Consolidated Fixed C (effective 2023-04-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: TD Bank, N.A.
  - Value: Amendment to credit agreement replacing LIBOR with SOFR, amending definition of Consolidated Fixed C
  - Effective: 2023-04-28
  source text: On April 28, 2023, Smith & Wesson Brands, Inc. (the “ Company ”) entered into an amendment (the “ Amendment ”) among the Company, certain of the Company’s subsidiaries, certain Guarantors party thereto, certain lenders party thereto, and TD Bank, N.A., as administrative agent and Swingline Lender, to that certain Amended and Restated Credit Agreement, dated August 24, 2020, among the Company, certain of its direct and indirect Domestic Subsidiaries, certain lenders, TD Bank, N.A., as administrative agent, TD Securities (USA) LLC and Regions Bank, as joint lead arrangers and joint bookrunners, and Regions Bank, as syndication agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092796/000119312523132493/0001193125-23-132493-index.htm

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