Cadre Holdings Announces Expansion to Credit Facilities
Cadre Holdings, Inc. (CDRE)
Company Research
Source: Business Wire
Upsized $590 Million Facility Enhances Flexibility to Support Long-Term Acquisition Strategy and Growth Objectives JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, today announced the closing of a new credit agreement that provides senior secured credit facilities of up to $590 million and matures in five years.The financing consists of a five-year undrawn revolving credit facility of $175 million, a five-year term loan facility of $225 million, as well as two delayed draw term loans of up to $115 million and $75 million, respectively (collectively, the “Credit Facilities”). The revolving credit facility and $225 million term loan are expected to be used for working capital and general corporate purposes, as well as to refinance existing outstanding debt. Subject
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News
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- Implied Volatility Surging for Cadre Holdings (CDRE) Stock Options [Yahoo! Finance]Yahoo! Finance
- We Think You Can Look Beyond Cadre Holdings' (NYSE:CDRE) Lackluster Earnings [Yahoo! Finance]Yahoo! Finance
- Cadre Holdings, Inc. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- Cadre Holdings, Inc. (NYSE: CDRE) had its price target lowered by analysts at Roth Mkm from $39.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
CDRE
Earnings
- 11/6/24 - Beat
CDRE
Sec Filings
- 1/2/25 - Form 4
- 12/23/24 - Form 8-K
- 12/18/24 - Form 4
- CDRE's page on the SEC website