ACME UNITED CORP

$65m committed across 3 active facilities, next covenant test Sep 30, 2026. ACU

Cutlery, Handtools & General Hardware

Recent changes

  1. Jul 21, 2026ACME UNITED CORP signs $65m CREDIT AGREEMENT, matures Jul 2029SEC ↗

Net leverage: when the limit steps, and which way the company's ratio has been moving.

4.25x2.07x-0.11x
Tested quarterly78.4%ratio 0.81x, estimated, vs 3.75x limit in force at Jun 30, 20263.75x
The Borrower shall not permit the ratio of Net Funded Debt to EBITDA, for the four (4) fiscal quarter period then-ended, measured as of the end of each fiscal quarter (commencing with the fiscal quarter ending June 30, 2026), to be more than 3.75 to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured1.10x
The Borrower shall not permit the Fixed Charge Coverage Ratio for the four (4) fiscal quarter period then-ended, measured as of the end of each fiscal quarter (commencing with the fiscal quarter ending June 30, 2026), to be less than 1.10 to 1.00.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Jul 15, 2026

Committed
$65m
Matures
Jul 2029
Agent
HSBC Bank USA, National Association
TrancheSizeMaturesMargin
Revolving credit facility$65mJul 2029200–275 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level IGreater than or equal to 3.00 to 1.00275 bpsn/a
Level IIGreater than or equal to 2.25 to 1.00 but less than 3.00 to 1.00250 bpsn/a
Level IIIGreater than or equal to 1.00 to 1.00 but less than 2.25 to 1.00225 bpsn/a
Level IVLess than or equal to 1.00 to 1.00200 bpsn/a

Lenders: HSBC Securities (USA) Inc., HSBC Bank USA, National Association, City National Bank

No amendments on file yet.

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