Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On
Under the terms of the Second Amendment, the Lenders increased the maximum
availability under the senior revolving credit facility from
The Company's indebtedness under the Credit Agreement continues to be collateralized by liens on all of the present and future equity of each of the Company's and Indian's domestic subsidiaries and substantially all of the assets of the Company (excluding real estate). Each direct and indirect domestic subsidiary of the Company and Indian has secured its guaranty of indebtedness incurred under the revolving facility with a first priority security interest and lien on all of such subsidiary's assets. The obligations, guarantees, liens and other interests granted by the Company, Indian, and their domestic subsidiaries continues in full force and effect.
Item 2.02 Results of Operations and Financial Condition.
On
The information under this Item 2.02 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On
2
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
10.1 Second Amendment datedOctober 26, 2022 to Amended and Restated Credit Agreement dated as ofJanuary 21, 2022 amongEscalade, Incorporated ,Indian Industries, Inc. , each of their domestic subsidiaries, the lenders party thereto, andJPMorgan Chase Bank, N.A ., as Administrative Agent 99.1 Press release datedOctober 27, 2022 104 Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).
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