secwatch.observer — SEC 8-K summary
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Issuer:     Hamilton Beach Brands Holding Co (HBB)
CIK:        0001709164
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001709164-24-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hamilton Beach Brands enters $125M revolving credit facility with Wells Fargo, matures 2029
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- $125M senior secured asset-based revolving credit facility; $5M letter of credit subfacility.
- Interest at Term SOFR + 1.65% or Base Rate + 0.00% per annum, at borrower's option.
- Maturity date December 13, 2029; replaces prior 2012 credit agreement.
- Fixed Charge Coverage Ratio of 1.00x required if Excess Availability falls below $15M.
- Facility secured by substantially all assets of Hamilton Beach Brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709164/000170916424000055/0001709164-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709164/000170916424000055/hbb-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001709164-24-000055

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