Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ROCKY BRANDS, INC. incurred credit facility of $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility with Bank of America, N.A. at Base Rate or Term SOFR, plus in each case an interest margin determined by the C.
- Instrument
- credit facility
- Principal
- $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility
- Counterparty
- Bank of America, N.A.
- Rate
- Base Rate or Term SOFR, plus in each case an interest margin determined by the C
- Event
- incurrence
Exact text from the filing
retired all amounts outstanding under, and terminated, the Existing Term Loan Agreement. The ABL Agreement consists of a senior secured asset-based credit facility with a $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility. As of April 26, 2024, the Company had $162,870,805.71 in borrowings under the ABL
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ROCKY BRANDS, INC. reported first quarter ended March 31, 2024 results: revenue $112.9 million, net income $2.6 million, EPS $0.34 per diluted share.
- Period
- first quarter ended March 31, 2024
- Revenue
- $112.9 million
- Net income
- $2.6 million
- EPS
- $0.34 per diluted share
- Result
- reported results
Exact text from the filing
Net sales increased 2.2% to $112.9 million and increased 7.6% excluding Servus brand net sales from the year ago period ● Operating income increased 92.1% to $8.0 million, or 76.4% to $8.7 million on an adjusted basis ● Net income was $2.6 million, or $0.34 per diluted share
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