Smith & Wesson (SWHC) Credit Facility Raised to $500M
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Smith & Wesson Increases Credit Facility to $500 Million
October 31, 2016 8:00 AM EDTSPRINGFIELD, Mass., Oct. 31, 2016 /PRNewswire/ --Â Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leading provider of quality products for shooting, hunting, and rugged outdoor enthusiasts, today announced that its lenders have expanded the company's existing revolving line of credit to $350 million from $175 million and have increased the company's option to further expand its credit commitment to $150 million from $50 million. The amendments provide the company with an increase in overall credit availability to $500 million from $225 million. The credit facility remains unsecured.... More
