Acme United entered a new $65 million secured syndicated revolving credit facility with HSBC as administrative agent and City National, replacing its prior $65 million HSBC facility. The new agreement, signed and effective Jul 15 2026 and maturing Jul 15 2029, bears interest at Term SOFR plus 2.00%–2.75% with a 0.25% commitment fee on unused amounts. The company opened the facility with a $28.5 million balance, equal to the payoff on the terminated facility. Management expects the refinancing to enhance liquidity for growth, acquisitions, dividends, and other corporate uses.
New agreement details:
- Agreement type: Secured syndicated revolving credit facility
- Counterparty: HSBC Bank USA and City National Bank
- Signed / Effective: Jul 15 2026 / Jul 15 2026
- Duration / Termination: 3 years
- Reason: Provide liquidity for growth, acquisitions, dividends, and other activities
Terminated agreement details:
- Agreement terminated: Revolving credit facility
- Counterparty: HSBC Bank USA
- Termination date: Jul 15 2026
- Termination type: Early
- Reason: Replaced by new syndicated facility
Original SEC Filing:
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