Sturm Ruger & Company Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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| Item 1.01 | Entry into a Material Definitive Agreement |
On June 6, 2024, Sturm, Ruger & Company, Inc. (the “Company”) entered into the Second Amendment to Loan Agreement (“Amendment”) with Regions Bank (the “Bank”), which (i) extends the termination date of the Company’s credit facility with the Bank to January 7, 2028 and (ii) replaces the Bloomberg Short Term Bank Yield Index (BSBY) with the forward-looking term rate based on the one-month secured overnight financing rate (SOFR) as the interest rate benchmark for loans made under the facility.
This description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description |
| 99.1 | Second Amendment to Loan Agreement, dated June 6, 2024, between Sturm, Ruger & Company, Inc. and Regions Bank. |
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, hereunto duly authorized.
| STURM, RUGER & COMPANY, INC. | |||
| By: | /S/ Thomas A. Dineen | ||
| Name: | Thomas A. Dineen | ||
| Title: | Principal Financial Officer, | ||
| Principal Accounting Officer, | |||
| Senior Vice President, Treasurer and | |||
| Chief Financial Officer | |||
Dated: June 10, 2024
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