secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001193125-24-233102
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312524233102/0001193125-24-233102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312524233102/d896305d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-233102

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