Cadre Holdings entered into an amended and restated loan agreement for a CDN$20.0 million revolving credit facility with PNC Bank Canada Branch, replacing its prior Canadian agreement. The facility, available in U.S. or Canadian dollars and including up to CDN$6.0 million for letters of credit, matures on December 20, 2029. Borrowings accrue interest at base rate/SOFR for USD or Prime/CORRA for CAD, plus margins tied to leverage, with an unused fee also based on leverage. Canadian subsidiaries Med-Eng, Pacific Safety Products, ICOR Technology, and TYR Tactical Canada are borrowers, with Safariland as guarantor, enhancing liquidity for Canadian operations.
Agreement details:
- Agreement type: Amended and restated Canadian revolving credit facility (CDN$20 million)
- Counterparty: PNC Bank Canada Branch
- Signed / Effective: Jul 23 2026 / same
- Duration / Termination: Through Dec 20 2029
- Reason: Refinance and enhance liquidity for Canadian operations
Original SEC Filing:
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