Holley Inc. Files 8-K for Material Definitive Agreement
Ticker: HLLY-WT · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1822928
| Field | Detail |
|---|---|
| Company | Holley INC. (HLLY-WT) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $125,000, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, filing, financials
TL;DR
Holley Inc. signed a material definitive agreement on Dec 4th, filed Dec 5th.
AI Summary
On December 4, 2024, Holley Inc. entered into a material definitive agreement related to its financial statements and exhibits. The filing was made on December 5, 2024, and pertains to the company's operations as a manufacturer of motor vehicle parts and accessories.
Why It Matters
This filing indicates a significant contractual event for Holley Inc., which could impact its financial standing and operational agreements.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a definitive agreement, with no immediate negative indicators.
Key Numbers
- 001-39599 — SEC File Number (Holley Inc.'s SEC filing identifier)
Key Players & Entities
- Holley Inc. (company) — Registrant
- December 4, 2024 (date) — Date of earliest event reported
- December 5, 2024 (date) — Filing date
- MOTOR VEHICLE PARTS & ACCESSORIES (industry) — Standard Industrial Classification
FAQ
What type of material definitive agreement did Holley Inc. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that it was entered into on December 4, 2024, and is related to financial statements and exhibits.
When was this 8-K filing submitted to the SEC?
The 8-K filing was submitted on December 5, 2024.
What is Holley Inc.'s Standard Industrial Classification code?
Holley Inc.'s Standard Industrial Classification code is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
What is the business address of Holley Inc.?
Holley Inc.'s business address is 2445 Nashville Road, Suite B1, Bowling Green, KY 42101.
What was Holley Inc.'s former company name?
Holley Inc.'s former company name was Empower Ltd., with a date of name change on August 28, 2020.
Filing Stats: 669 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-12-05 08:49:46
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share HLLY New York Stock Excha
- $11.50 — of common stock at an exercise price of $11.50 per share HLLY WS New York Stock Ex
- $125,000 — uces the revolving credit facility from $125,000 to $100,000, and iii. Permits our tot
- $100,000 — olving credit facility from $125,000 to $100,000, and iii. Permits our total leverage
Filing Documents
- hlly20241119c_8k.htm (8-K) — 30KB
- ex_754215.htm (EX-10.1) — 1712KB
- ex_754216.htm (EX-99.1) — 10KB
- logo.jpg (GRAPHIC) — 7KB
- logosml.jpg (GRAPHIC) — 3KB
- 0001437749-24-036757.txt ( ) — 2246KB
- hlly-20241204.xsd (EX-101.SCH) — 4KB
- hlly-20241204_def.xml (EX-101.DEF) — 14KB
- hlly-20241204_lab.xml (EX-101.LAB) — 18KB
- hlly-20241204_pre.xml (EX-101.PRE) — 14KB
- hlly20241119c_8k_htm.xml (XML) — 5KB
01. Entry into Material Definitive Agreement
Item 1.01. Entry into Material Definitive Agreement. On December 4, 2024, Holley Inc. (the "Company"), certain subsidiaries of the Company, the revolving credit lenders party thereto and Wells Fargo Bank, National Association ("Wells Fargo"), as administrative agent for the lenders, entered into an amendment (the "Fourth Amendment") to that certain Credit Agreement, dated as of November 18, 2021, by and among the Company, Wells Fargo, as administrative agent, collateral agent, letter of credit issuer and swing line lender, and the other lenders from time to time party thereto (the "Credit Agreement"). The Fourth Amendment amends certain terms and conditions of the Credit Agreement, including the following: i. ii. Extends the revolver maturity date to November 18, 2029 (which date may occur earlier if the maturity date of our existing terms loans is not extended, as more particularly described in the Fourth Amendment), Reduces the revolving credit facility from $125,000 to $100,000, and iii. Permits our total leverage ratio for the benefit of the revolving credit lenders to be tested only for fiscal quarters in which there are outstanding revolving credit loans on the last day of such fiscal quarter. The foregoing description of the Fourth Amendment is not intended to be complete and is qualified in its entirety by reference to the Fourth Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K (this "Report") and is incorporated by reference herein.
01
Item 9.01 (d) Exhibits Exhibit No. Description 10.1 Amendment No. 4 to Credit Agreement, dated as of December 4, 2024, by and among Holley Inc. and certain of its subsidiaries, as the Borrower, Wells Fargo Bank, National Association, as Administrative Agent, and other lender parties thereto. 99.1 Press release dated December 5, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HOLLEY INC. By: /s/ Jesse Weaver Name: Jesse Weaver Title: Chief Financial Officer Date: December 5, 2024