Asia FX dithers as dollar steadies before Powell speech; yen muted after CPI data
Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced Monday that it has entered into the First Amendment to its Second Amended and Restated Credit Agreement, according to a statement filed with the Securities and Exchange Commission.
The amendment, dated August 15, 2025, involves Smith & Wesson Brands and certain of its direct and indirect domestic subsidiaries. The agreement was made with a group of lenders, with TD Bank, N.A. acting as administrative agent, and TD Securities (USA) LLC and Regions Bank serving as joint lead arrangers and joint bookrunners. Regions Bank is also the syndication agent.
Under the terms of the amendment, the calculation of the company’s consolidated funded indebtedness will now exclude any debt of the guarantors related to their guarantee of the obligations of the Missouri Lease Tenant under the Missouri Lease, unless the guarantors are required to fulfill payment or performance responsibilities.
The amendment also allows for a one-time exclusion, in the calculation of the consolidated fixed charge coverage ratio, of cash taxes paid by the loan parties during fiscal year 2026. These payments are related to amended tax returns filed in fiscal year 2026 for the periods from May 1, 2022, to April 30, 2023, and from May 1, 2023, to April 30, 2024.
Additionally, the amendment modifies the minimum consolidated fixed charge coverage ratio for the measurement periods ending April 30, 2026, and July 31, 2026. The filing states that other ministerial changes are also included in the amendment.
Smith & Wesson Brands’ common stock is listed on the Nasdaq Global Select Market under the symbol SWBI. The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, Smith & Wesson Brands Inc. held its fourth-quarter and full fiscal year 2025 financial results conference call. The company discussed various forward-looking statements concerning product development, market trends, and industry conditions. While no specific earnings or revenue figures were disclosed, the focus was on potential growth opportunities and consumer preferences. These developments come amidst broader industry changes, as reported by the Washington Post, suggesting possible rollbacks of firearms regulations by the Trump administration. This regulatory shift could impact companies like Smith & Wesson, as well as others in the gun-related sector. Additionally, the report indicated that DOGE staff might be sent to the ATF to cut gun restrictions, potentially influencing market dynamics. Investors are closely monitoring these developments to understand their implications on the firearms industry. Analyst opinions on these changes were not explicitly detailed, but the industry remains under scrutiny due to regulatory considerations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.