American Outdoor Brands, Inc. (NasdaqGS : AOUT) entered into an agreement to acquire Assets of the Grilla Grills for $27 million.
March 09, 2022
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American Outdoor Brands, Inc. (NasdaqGS : AOUT) entered into an agreement to acquire Assets of the Grilla Grills for $27 million on March 10, 2022. The acquisition will be financed using both cash on hand and availability from our existing line of credit. TD Bank has approved an amendment to the company's current Loan and Security Agreement, increasing the capacity on the revolving line of credit from $50 million to $75 million, with no change to the existing $15 million accordion feature.
The amendment is expected to close within the next two weeks. The transaction is expected to be complete the acquisition the week of March 14, 2022, following the satisfaction of customary closing conditions.
American Outdoor Brands, Inc. is a provider of outdoor lifestyle products and shooting sports accessories. The Company's outdoor lifestyle products and shooting sports accessories include hunting, fishing, outdoor cooking, camping, shooting, and personal security and defense products, for rugged outdoor enthusiasts. It designs, conceives, sources and sells its outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. The Company distributes its products through e-commerce and traditional distribution channels. The Company offers its products under various brands, such as BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust and Wheeler.
AMERICAN OUTDOOR BRANDS, INC. 
