Cadre Holdings, Inc. — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Four Canadian subsidiaries of Cadre Holdings (Med-Eng Holdings ULC, Pacific Safety Products Inc., ICOR Technology Inc., TYR Tactical Canada ULC) executed an amended and restated C$20,000,000 revolving line of credit with PNC Bank Canada Branch dated July 23, 2026. This replaces an existing facility from October 2021. The facility includes C$6,000,000 sublimit for letters of credit, expires December 20, 2029, with pricing tied to Consolidated Total Net Leverage Ratio (currently Level II: 0.75%–1.75% margin depending on rate option). Upfront fee of $28,872 and quarterly unused fee based on undrawn balance.
Why this rating
Standard refinancing of existing subsidiary credit; C$20M is ~3.5% of $577.5M company market cap—material absolute size but ordinary renewal with no new capital, rate increase, or covenant tightening disclosed. Routine operational financing.
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