Cadre Holdings Enters Material Definitive Agreement

TL;DR

CADRE just signed a big deal, expect financial moves.

AI Summary

On December 20, 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 detailing the event.

Why It Matters

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

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• Cadre Holdings, Inc. (company) — Registrant
• December 20, 2024 (date) — Date of earliest event reported
• Jacksonville, Florida (location) — Principal executive offices location
• Delaware (location) — State of incorporation

FAQ

Key Financial Figures

• $175,000,000 — ment, the Borrower may borrow up to (i) $175,000,000 under a revolving credit facility (incl
• $30,000,000 — olving credit facility (including up to $30,000,000 for letters of credit and up to $10,000
• $10,000,000 — 000,000 for letters of credit and up to $10,000,000 for swing line loans) (the "Revolving F
• $225,000,000 — loans) (the "Revolving Facility"), (ii) $225,000,000 under a term loan facility (the "Term L
• $115,000,000 — loan facility (the "Term Loans"), (iii) $115,000,000 under a delayed draw term loan a-1 faci
• $75,000,000 — 2025 (the "DDTL A-1 Facility") and (iv) $75,000,000 under a delayed draw term loan a-2 faci
• $100,000,000 — rrange with lenders for an aggregate of $100,000,000 (or more if certain leverage ratios are

Filing Documents

• tm2431797d1_8k.htm (8-K) — 36KB
• tm2431797d1_ex10-1.htm (EX-10.1) — 1148KB
• 0001104659-24-131303.txt ( ) — 1592KB
• cdre-20241220.xsd (EX-101.SCH) — 3KB
• cdre-20241220_lab.xml (EX-101.LAB) — 33KB
• cdre-20241220_pre.xml (EX-101.PRE) — 22KB
• tm2431797d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On December 20, 2024 (the "Closing Date"), Safariland, LLC, as borrower (the "Borrower"), a wholly owned subsidiary of Cadre Holdings, Inc. (the "Company"), the Company and certain domestic subsidiaries of the Company, as guarantors (the "Guarantors"), entered into an Amended and Restated Credit Agreement (the "A&R Credit Agreement") with PNC Bank, National Association ("PNC"), as administrative agent, swingline loan lender and an issuing lender, and the several lenders party thereto (together with PNC, the "Lenders") pursuant to which the existing Credit Agreement, dated as of July 23, 2021 (as amended prior to the Closing Date, the "Existing Credit Agreement") by and among the Borrower, the Guarantors, the lenders from time to time party thereto and PNC, as administrative agent, swingline loan lender and an issuing lender, was amended and restated in its entirety. Pursuant to the A&R Credit Agreement, the Borrower may borrow up to (i) $175,000,000 under a revolving credit facility (including up to $30,000,000 for letters of credit and up to $10,000,000 for swing line loans) (the "Revolving Facility"), (ii) $225,000,000 under a term loan facility (the "Term Loans"), (iii) $115,000,000 under a delayed draw term loan a-1 facility that is available for drawing upon by the Borrower through June 20, 2025 (the "DDTL A-1 Facility") and (iv) $75,000,000 under a delayed draw term loan a-2 facility that is available for drawing upon by the Borrower through June 20, 2026 (the "DDTL A-2 Facility"), each maturing on December 20, 2029, at which time the revolving commitments thereunder will terminate and all outstanding Revolving Loans, Term Loans and borrowings under the DDTL A-1 Facility and DDTL A-2 Facility, together with all accrued and unpaid interest thereon, must be repaid. No borrowings were made under the Revolving Facility, the DDTL A-1 Facility or the DDTL A-2 Facility on the Closing Date. The Amended and Rest

03

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.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. The following Exhibit is filed herewith as a part of this Current Report on Form 8-K: Exhibit Description 10.1 Amended and Restated Credit Agreement, dated as of December 20, 2024, by and among, Safariland, LLC, the Guarantors party thereto, the Lenders party thereto and PNC Bank, National Association, as Administrative Agent, Swingline Loan Lender and an Issuing Lender. 104 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 Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 23, 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