MasterCraft Boat Holdings Enters Material Definitive Agreement

TL;DR

MCFT signed a big deal, new financial obligations incoming.

AI Summary

MasterCraft Boat Holdings, Inc. entered into a Material Definitive Agreement on September 27, 2024, which also created a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The filing details financial statements and exhibits related to this agreement.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for MasterCraft Boat Holdings, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that require careful monitoring.

Key Players & Entities

• MasterCraft Boat Holdings, Inc. (company) — Registrant
• September 27, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $100 million — t Agreement provides the Company with a $100 million revolving credit facility. The forego

Filing Documents

• mcft-20240927.htm (8-K) — 42KB
• mcft-ex10_1.htm (EX-10.1) — 1468KB
• img256894400_0.jpg (GRAPHIC) — 3KB
• img256894400_1.jpg (GRAPHIC) — 4KB
• 0000950170-24-111999.txt ( ) — 1856KB
• mcft-20240927.xsd (EX-101.SCH) — 23KB
• mcft-20240927_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 27, 2024, MasterCraft Boat Holdings, Inc. (the "Company") entered into the Fourth Amendment to the Credit Agreement (the "Fourth Amendment") with JPMorgan Chase Bank, N.A., as the administrative agent (the "Administrative Agent"), and the other lenders party thereto. The Fourth Amendment amends certain provisions of the Company's Credit Agreement dated June 28, 2021 as amended by (i) the First Amendment to the Credit Agreement dated September 30, 2021, (ii) the Second Amendment to the Credit Agreement dated August 31, 2022, and (iii) the Third Amendment to the Credit Agreement dated October 4, 2023. The Fourth Amendment, among other things, (i) provides consents and waivers, by the Administrative Agent, to covenant restrictions as related to the sale and transfer of assets of Aviara Boats, LLC., and (ii) provides waivers to the covenant ratios for certain future periods. The Credit Agreement provides the Company with a $100 million revolving credit facility. The foregoing description of the of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is filed as Exhibit 10.1 hereto and incorporated by reference. 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 in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being furnished as part of this report: Exhibit Number Description 10.1 Fourth Amendment to the Credit Agreement 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTERCRAFT BOAT HOLDINGS, INC. Date: October 3, 2024 By: /s/ TIMOTHY M. OXLEY Timothy M. Oxley Chief Financial Officer, Treasurer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR