Acme United enters new $65 million syndicated credit facility with HSBC, City National Bank

Acme United entered a new $65 million syndicated credit facility with HSBC Bank USA, National Association and City National Bank.

• The facility replaces its prior $65 million HSBC credit facility and extends maturity to July 15, 2029.
• Borrowings are priced at Term SOFR plus 2% to 2.75%, tied to net funded debt-to-EBITDA.
• The opening balance was $28.5 million, matching the payoff amount used to terminate the former facility.
• The facility is secured by a first-priority lien on substantially all assets and includes leverage and fixed-charge coverage maintenance tests.