secwatch.observer — SEC 8-K summary
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Issuer:     ESCALADE INC (ESCA)
CIK:        0000033488
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001437749-22-001462
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33488/000143774922001462/0001437749-22-001462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33488/000143774922001462/esca20220121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-001462

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