secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-132493
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523132493/0001193125-23-132493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523132493/d460271d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-132493

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