UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement
On January 29, 2021, Axon Enterprise, Inc. (the "Company" or "Axon"), entered into an Amendment to its Amended and Restated Credit Agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A. The amendment, which was effective January 25, 2021, extends the term of the Credit Agreement from December 31, 2021 to December 31, 2023 and increases the amount of the unsecured revolving line of credit which is available for letters of credit from $10 million to $20 million. The amendment also updates the amounts or terms of certain of the affirmative and negative covenants, and identifies certain events related to the anticipated cessation of the London Inter-Bank Offered Rate that would result in the selection of an alternate rate of interest.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit |
| Exhibit Description |
10.1 | ||
101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
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.
Dated: February 3, 2021 | Axon Enterprise, Inc. |
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By: | /s/ JAWAD A. AHSAN | ||
Jawad A. Ahsan | |||
Chief Financial Officer | |||