---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031153"
form_type: "8-K"
ticker: "ESCA"
cik: "0000033488"
company_name: "ESCALADE INC"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:57:27.457042+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Escalade amends credit agreement: revolver cut to $60M, adds interest coverage covenant of 3.50x

## Summary
- Maximum revolver reduced from $75M to $60M; accordion feature allows increase up to $85M.
- Fixed charge coverage ratio replaced by minimum interest coverage ratio of 3.50:1.00, effective September 30, 2024.
- Restricted payments cap: if Funded Debt/EBITDA >1.75, combined cash dividends and share repurchases limited to $12M in trailing 12 months.
- Pricing improved: two Applicable Rate categories eliminated, reducing margins when leverage above 3.0x.
- Borrowing base certificates now required monthly instead of quarterly; maturity remains January 21, 2027.

## SEC filing metadata
- accession: 0001437749-24-031153
- form_type: 8-K
- ticker: ESCA
- cik: 0000033488
- company_name: ESCALADE INC
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33488/000143774924031153/0001437749-24-031153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33488/000143774924031153/esca20241011_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031153
- JSON: https://secwatch.observer/filing/0001437749-24-031153.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.