American Outdoor Brands Corporation (NASDAQ:AOBC) Files An 8-K Termination of a Material Definitive AgreementItem 1.02.
As previously disclosed, on February28, 2018, we issued an aggregate of $75.0million of our new 5.000% Senior Notes due 2020, or the New Senior Notes. On March8, 2018, or the Redemption Date, utilizing the proceeds of the New Senior Notes, we completed the redemption of the entire $75.0million outstanding principal balance of outstanding 5.000% Senior Notes due 2018, or the Outstanding Notes, at a redemption price equal to 100.00% of the principal amount of the Outstanding Notes, plus accrued and unpaid interest on the Outstanding Notes to, but not including, the Redemption Date. We previously disclosed our intention to redeem the Outstanding Notes in our Current Report on Form 8-K filed with the Securities and Exchange Commission on February6, 2018. As a result of the redemption, the indenture, dated as of July15, 2014, between us and The Bank of New York Mellon Trust Company, N.A., as trustee, governing the Outstanding Notes was satisfied and discharged as of the Redemption Date. We did not incur any early termination penalties in connection with the redemption of the Outstanding Notes.
About American Outdoor Brands Corporation (NASDAQ:AOBC)
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services. The Outdoor Products & Accessories segment provides shooting, hunting and outdoor accessories, including reloading, gunsmithing, gun cleaning supplies, tree saws, vault accessories, knives, laser sighting systems and tactical lighting products. Brands in Outdoor Products & Accessories include Crimson Trace, Caldwell Shooting Supplies, Wheeler Engineering, Lockdown Vault Accessories, BOG POD and Golden Rod Moisture Control, as well as knives and specialty tools under Schrade, Old Timer, Uncle Henry and Imperial.