secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2026-09-25T20:12:39+00:00
Accession:  0001424929-26-000052
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.62
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Fox Factory completes $225M Marucci Sports sale; net leverage to fall to ~2.7x from 3.7x
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- $225M enterprise value: $200M cash at closing plus a $25M unsecured subordinated convertible note (principal and interest) maturing Dec 31, 2026.
- Buyer is Squared Up Holdings, LLC, an acquisition vehicle led by and including members of Marucci's existing senior management.
- $200M cash applied in full to credit facility borrowings; had the deal closed July 3, 2026, net leverage would have been ~2.7x vs 3.7x reported.
- Annualized interest expense reduced by ~$16M, expected to reach ~$17M once the $25M note is paid by Dec 31, 2026.
- Strategic review began Feb 2026: 80+ potential acquirers contacted, 15 indications of interest; ~$7.5M transaction costs to be paid with cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000052/0001424929-26-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000052/foxf-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001424929-26-000052

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