secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2026-07-21T20:15:15+00:00
Accession:  0001193125-26-310329
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United enters $65M syndicated credit facility with HSBC and City National Bank, maturing 2029
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- New $65M revolving credit facility replaces prior HSBC facility; matures July 15, 2029.
- Interest at Term SOFR plus margin of 2.00%–2.75% based on Net Funded Debt/EBITDA ratio.
- Opening balance of $28.5M used to repay prior facility on July 15, 2026.
- Financial covenants: max Net Funded Debt/EBITDA 3.75x, min Fixed Charge Coverage 1.10x.
- Facility secured by first-priority lien on substantially all assets of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000119312526310329/0001193125-26-310329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000119312526310329/acu-20260721.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-310329

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