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American Outdoor Brands (NASDAQ: AOUT) updates $75M loan deal

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

American Outdoor Brands, Inc. amended its secured loan and security agreement with TD Bank and other lenders, putting in place a revolving line of credit of $75.0 million and a swingline facility of $15.0 million.

The company may, subject to conditions, increase the revolving line by up to $15.0 million, and the revolving line matures on March 10, 2031. The agreement includes customary covenants restricting additional debt, liens, acquisitions, asset sales, and shareholder distributions, as well as a minimum consolidated fixed charge coverage ratio. Standard events of default could result in immediate acceleration of all obligations.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

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FAQ

What did American Outdoor Brands (AOUT) change in its loan agreement?

American Outdoor Brands amended its secured loan and security agreement with TD Bank and other lenders. The updated deal establishes a revolving credit line and swingline facility with detailed covenants and default provisions governing the company’s borrowing capacity and ongoing financial obligations.

How large is the new revolving credit line for American Outdoor Brands (AOUT)?

The amended agreement provides a revolving line of credit of $75.0 million outstanding at any one time. This facility can support working capital and other corporate needs, subject to agreed borrowing conditions, financial covenants, and ongoing compliance with the loan documentation.

What is the size of the swingline facility in American Outdoor Brands’ loan deal?

The amended agreement includes a swingline facility with a maximum amount of $15.0 million outstanding at any one time, subject to overall availability under the revolving line. Swingline loans bear interest at the base rate plus an applicable margin.

Can American Outdoor Brands (AOUT) increase its revolving credit capacity?

Subject to specified terms and conditions in the amended agreement, American Outdoor Brands has the option to increase the revolving line by up to an additional $15.0 million. Any increase would follow the mechanisms and lender consents outlined in the loan documentation.

When does American Outdoor Brands’ amended revolving credit line mature?

The revolving line of credit under the amended loan and security agreement matures on March 10, 2031. At maturity, any outstanding amounts must be repaid unless refinanced or otherwise extended under new arrangements with the lenders.

Which American Outdoor Brands entities are parties to the amended loan agreement?

AOB Products Company and Crimson Trace Corporation are the borrowers under the amended agreement. American Outdoor Brands, Inc. and certain other direct and indirect subsidiaries act as guarantors, supporting the borrowers’ obligations to TD Bank and the other lending parties.

What covenants and default events apply to American Outdoor Brands’ amended loan?

The agreement includes limitations on additional debt, liens, acquisitions, asset sales, dividends, and stock repurchases, plus a minimum consolidated fixed charge coverage ratio. Customary events of default may trigger acceleration, making all outstanding obligations immediately due and payable.

1800 North Route ZColumbiaMissouri0001808997FALSE00018089972026-03-102026-03-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________________________
FORM 8-K
________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 10, 2026
________________________________________________________
American Outdoor Brands, Inc.
(Exact name of Registrant as Specified in Its Charter)
________________________________________________________
Delaware001-3936684-4630928
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)
1800 North Route Z
Columbia, Missouri
65202
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (800) 338-9585
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)		Name of each exchange on which registered
Common Stock, Par Value $0.001 per ShareAOUTThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x


Item 1.01 Entry into a Material Definitive Agreement.
On March 10, 2026, we and certain of our direct and indirect Subsidiaries amended our secured loan and security agreement pursuant to Amendment No. 3 to Loan and Security Agreement, or the Amended Loan and Security Agreement, with certain lenders and TD Bank, N.A., as a lender and as agent. AOB Products Company, a Missouri corporation, and Crimson Trace Corporation, an Oregon corporation, our Subsidiaries, are the borrowers under the Amended Loan and Security Agreement. We and certain of our other direct and indirect Subsidiaries are guarantors of the borrowers’ obligations under the Amended Loan and Security Agreement. Capitalized terms not otherwise defined in this Item 1.01, Amended Loan and Security Agreement, will have the meanings set forth in the Amended Loan and Security Agreement.

The Amended Loan and Security Agreement provides for the following:

1. A revolving line of credit in the amount of $75.0 million at any one time, or the Revolving Line. Each Loan under the Revolving Line bears interest at either the Base Rate, plus the Applicable Margin or the SOFR for the Interest Period in effect for such borrowing, plus the Applicable Margin; and

2. A swingline facility in the maximum amount of $15.0 million at any one time (subject to availability under the Revolving Line). Each Swingline Loan bears interest at the Base Rate, plus the Applicable Margin.

Subject to the satisfaction of certain terms and conditions described in the Amended Loan and Security Agreement, we have an option to increase the Revolving Line by an aggregate amount not exceeding $15.0 million. The Revolving Line matures March 10, 2031.

The Amended Loan and Security Agreement contains customary limitations, including limitations on indebtedness, liens, fundamental changes to business or organizational structure, investments, loans, advances, guarantees, and acquisitions, asset sales, dividends, stock repurchases, stock redemptions, and the redemption or prepayment of other debt, and transactions with affiliates. We are also subject to financial covenants, including a minimum consolidated fixed charge coverage ratio.

The Amended Loan and Security Agreement also contains customary events of default, including nonpayment of principal, interest, fees, or other amounts when due, violation of covenants, breaches of representations or warranties, cross defaults, change of control, insolvency, bankruptcy events, and material judgments. Some of these events of default allow for grace periods or are qualified by materiality concepts. Upon the occurrence of an event of default, the outstanding obligations under the Amended Loan and Security Agreement may be accelerated and become due and payable immediately.
The description of the Amended Loan and Security Agreement does not purport to be complete, and such description is qualified in its entirety by reference to the complete terms of the Amended Loan and Security Agreement, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The description of the Amended Loan and Security Agreement set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.



Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
Number
Description
10.1
Amendment No. 3 to Loan and Security Agreement, dated as of March 10, 2026, by and among AOB Products Company, Crimson Trace Corporation, American Outdoor Brands, Inc., Battenfeld Acquisition Company Inc., BTI Tools, LLC, Ultimate Survival Technologies, LLC, AOBC Asia Consulting, LLC, Riverbend Outfitters, Inc., TD Bank, N.A., and the other banks, financial institutions, and other entities from time to time parties thereto
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


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 thereunto duly authorized.
AMERICAN OUTDOOR BRANDS, INC.
Date:March 12, 2026By: /s/ H. Andrew Fulmer
H. Andrew Fulmer
Executive Vice President, Chief Financial Officer, Treasurer, and Secretary

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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