Financing ·
On July 15, 2026, Acme United Corporation entered into a new $65 million syndicated credit facility with HSBC Bank USA…
ACUAcme United Corp
On July 15, 2026, Acme United Corporation entered into a new $65 million syndicated credit facility with HSBC Bank USA and City National Bank, replacing a prior $65 million facility. The agreement expires July 15, 2029, and is secured by a first-priority lien on substantially all company assets. Interest is based on Term SOFR plus a margin of 2.00% to 2.75% depending on the Net Funded Debt to EBITDA ratio. The facility includes quarterly financial covenants: a maximum Net Funded Debt to EBITDA ratio of 3.75 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.10 to 1.00. The opening balance was $28.5 million to pay off the previous facility. The company provides a wide range of safety and cutting tools for consumer and industrial markets.