secwatch / observer
8-K filed March 9, 2023, 6:59 PM ET ticker HLLY CIK 0001822928
earnings confidence high sentiment negative materiality 0.75

Holley Q4 net sales down 14.3% to $154.2M; full-year adj. EBITDA $114.7M; credit covenant relief secured

Holley Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Holley Inc. updated its fourth quarter and full year ended December 31, 2022 guidance (initiated).

Period
fourth quarter and full year ended December 31, 2022
Guidance
initiated
Result
reported results
Exact text from the filing
On March 9, 2023, the Company issued a press release announcing its financial results and operational highlights for the Company’s fourth quarter and year ended December 31, 2022.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Holley Inc. amended Credit Agreement, as amended by the First Amendment with Wells Fargo Bank, National Association, as administrative agent, and the revolving credit lenders party thereto valued at First Amendment to Credit Agreement dated November 18, 2021; amended covenant levels, interest rates (effective 2023-03-03).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the revolving credit lenders party thereto
Value
First Amendment to Credit Agreement dated November 18, 2021; amended covenant levels, interest rates
Effective
2023-03-03
Exact text from the filing
On March 3, 2023, Holley Inc. (the “Company”), certain subsidiaries of the Company, the revolving credit lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent for the lenders, entered into an amendment (the “First Amendment”) to that certain Credit Agreement, dated as of November 18, 2021, by and among the Company, Wells Fargo, as administrative agent, collateral agent, letter of credit issuer and swing line lender, and the other lenders from time to time party thereto (the “Credit Agreement”).
View on SEC.gov

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Holley Inc. filing history →

Source: SEC EDGAR
accession 0001437749-23-005867
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