STRATTEC SECURITY CORP (STRT): debt financing — Strattec reports Q1 FY2026 net income $8.5M ($2.07/diluted EPS) on $152.4M sales; new $40M credit facility

STRATTEC SECURITY CORP

2026-Q1 EPS reported $2.07 revenue$152,399,000

Gross margin 17.3%; adjusted EBITDA $15.6M (10.2% of sales).
Cash from operations $11.3M; balance sheet strong with $90.5M cash and $5.0M debt.
Entered amended $40M secured revolving credit facility with BMO Bank, matures Oct 2028.
Additional restructuring in Mexico expected to generate ~$1M in annualized savings.
Company cites uncertain tariff environment and supply chain challenges as headwinds.

item 1.01 item 2.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STRATTEC SECURITY CORP incurred revolving credit of $40.0 million with BMO Bank N.A. at Term SOFR plus 150.0 basis points maturing October 27, 2028.

Instrument: revolving credit
Principal: $40.0 million
Counterparty: BMO Bank N.A.
Rate: Term SOFR plus 150.0 basis points
Maturity: October 27, 2028
Event: incurrence

Exact text from the filing

The Credit Facility provides for a $40.0 million secured revolving credit facility with a $5.0 million sublimit for the issuance of commercial and standby letters of credit

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304 debt financings filed in the last 30 days. Browse all debt financings →

STRATTEC SECURITY CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-258802

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