Cadre Holdings, Inc. Files 8-K for Material Definitive Agreement

TL;DR

CADRE HOLDINGS (CDRE) filed an 8-K on March 1, 2024, for a material definitive agreement and financial obligation.

AI Summary

On March 1, 2024, Cadre Holdings, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices in Jacksonville, Florida, filed this 8-K report to disclose this event. The filing details the creation of a financial obligation under an off-balance sheet arrangement.

Why It Matters

This filing indicates a significant financial commitment or obligation for Cadre Holdings, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing concerns a material definitive agreement and a direct financial obligation, which inherently carries financial risk for the company.

Key Players & Entities

• Cadre Holdings, Inc. (company) — Registrant
• March 1, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Jacksonville, Florida (location) — Address of principal executive offices
• 38-3873146 (identifier) — IRS Employer Identification Number
• 001-40698 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.0001 — registered Common Stock, par value $0.0001 CDRE New York Stock Exchange Indica
• $80 million — m Loan to the Borrower in the amount of $80 million pursuant to the Incremental Facility Am

Filing Documents

• tm247781d1_8k.htm (8-K) — 30KB
• tm247781d1_ex10-1.htm (EX-10.1) — 1067KB
• 0001104659-24-031464.txt ( ) — 1502KB
• cdre-20240301.xsd (EX-101.SCH) — 3KB
• cdre-20240301_lab.xml (EX-101.LAB) — 33KB
• cdre-20240301_pre.xml (EX-101.PRE) — 22KB
• tm247781d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 16, 2024, Cadre Holdings, Inc. (the "Company") and Safariland, LLC (the "Purchaser" or the "Borrower"), a wholly owned subsidiary of the Company, entered into a Unit Purchase Agreement, by and among Alpha Safety Holdings, LLC (the "Seller") and Alpha Safety Intermediate, LLC (the "Target"), pursuant to which the Seller agreed to sell all of the issued and outstanding units of the Target to the Purchaser (the "Alpha Acquisition"). Contemporaneous with the closing of the Alpha Acquisition on March 1, 2024 (the "Closing Date"), the Borrower, as borrower, entered into that certain Incremental Facility Amendment to Credit Agreement and Guaranty Joinder (the "Incremental Facility Amendment"), with the Company, as a Guarantor together with the other Guarantors party thereto, the Lenders party thereto, and PNC Bank, National Association, as Administrative Agent and Swingline Loan Lender, which amends that certain Credit Agreement, dated as of July 23, 2021, by and among the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and PNC Bank, National Association, as Administrative Agent, Swingline Loan Lender and an Issuing Lender (as amended by the Incremental Facility Amendment and as otherwise amended, restated, amended and restated, supplemented, extended or otherwise modified from time to time, the "Credit Agreement"). On the Closing Date, (a) Lenders made an Incremental Term Loan to the Borrower in the amount of $80 million pursuant to the Incremental Facility Amendment, and (b) each of the new subsidiaries of the Company acquired in connection with the Alpha Acquisition became a party to each of the Credit Agreement and the Incremental Facility Amendment, as well as a "Guarantor" for all purposes of the Credit Agreement and the Incremental Facility Amendment, respectively, in accordance with the Incremental Facility Amendment. The interest rate applic

03 Creation of a Direct

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated in this Item 2.03 by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 10.1 Incremental Facility Amendment to Credit Agreement and Guaranty Joinder, dated as of March 1, 2024, by and among Safariland, LLC, the New Subsidiaries party thereto, the other Guarantors party thereto, the Lenders party thereto, and PNC Bank, National Association, as Administrative Agent, Swingline Loan Lender and an Issuing Lender. 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 6, 2024 CADRE HOLDINGS, INC. By: /s/ Blaine Browers Name: Blaine Browers Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR