Smith & Wesson enters $175M revolver due 2029, amends existing credit facility

SMITH & WESSON BRANDS, INC.

$175M revolving line of credit with $5M swingline sublimit, matures October 3, 2029.
Option to increase revolving commitments by up to $50M (subject to terms).
Currently unsecured; may become secured upon a Springing Lien Trigger Event.
Pricing based on leverage ratio (Adjusted Consolidated Leverage Ratio), ranging from 1.75% to 2.75% for SOFR loans plus commitment fee of 0.25%–0.425%.
Financial covenants include minimum fixed charge coverage ratio and maximum consolidated leverage ratio.

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