Escalade closes $36.4M acquisition of Brunswick Billiards assets; expands revolver to $65M

ESCALADE INC

Completed purchase of Brunswick Billiards business from Life Fitness for $36,357,427, funded with cash and debt.
Consideration equals about 16% of Escalade's total assets; acquisition includes 120,000 sq ft WI facility and brand IP.
Amended credit facility increased revolver to $65M (from $50M) with $90M accordion, maturity extended to Jan 2027.
Old National Bank added as lender; LIBOR replaced with SOFR; term loan outstanding $46.4M as of closing.
Acquisition positions Escalade to expand in billiards & indoor recreation; Brunswick Billiards GM John Kazik stays.

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