Smith & Wesson Brands Inc. Amends Credit Agreement with TD Bank and Regions Bank to Exclude Certain Indebtedness and Adjust Coverage Ratios
Smith & Wesson Brands Inc. has announced an amendment to its existing corporate loan agreement. On August 15, 2025, the company and certain domestic subsidiaries entered into the First Amendment to the Second Amended and Restated Credit Agreement. This amendment involves collaboration with multiple lenders, including TD Bank, N.A., TD Securities $(USA)$ LLC, and Regions Bank. Key provisions of the amendment include the exclusion of certain indebtedness related to guarantor obligations under the Missouri Lease and adjustments to the calculation of the Consolidated Fixed Charge Coverage Ratio, particularly for fiscal periods in 2026. The amendment aims to optimize Smith & Wesson's financial arrangements, with further details available in the full First Amendment document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith & Wesson Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-182690), on August 18, 2025, and is solely responsible for the information contained therein.
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