Strattec's JV replacement credit agreement releases company from guaranty obligations

STRATTEC SECURITY CORP

Effective April 30, 2026, ADAC-STRATTEC entered a new credit agreement with BMO Bank N.A., replacing the prior 2012 agreement.
Strattec's guaranty, liens, and related obligations under the prior credit agreement were terminated and released.
Strattec is not a borrower, guarantor, or credit support party under the new JV credit agreement.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STRATTEC SECURITY CORP terminated Prior JV Credit Agreement with BMO Bank N.A. (effective 2026-04-30).

Action: termination
Agreement: credit facility
Counterparty: BMO Bank N.A.
Effective: 2026-04-30

Exact text from the filing

Effective as of April 30, 2026, ADAC-STRATTEC, LLC (“ADAC-STRATTEC”), a majority owned joint venture subsidiary of Strattec Security Corporation (the “Company”), entered into an Amended and Restated Credit Agreement with BMO Bank N.A. (the “New JV Credit Agreement”) that replaced ADAC-STRATTEC’s existing credit agreement, dated June 28, 2012, with BMO Bank N.A.

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Source: SEC EDGAR

accession 0001193125-26-197481

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