UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01 | Entry into a Material Definitive Agreement. |
On March 26, 2025, EVI Industries, Inc, a Delaware corporation (the “Company”), and certain of its subsidiaries entered a second amendment (the “Amendment”) to its Credit Agreement, as amended by the first amendment thereto (the “Existing Agreement” and together with the Amendment, the “Credit Agreement”) with Bank of America, N.A. (“Bank of America”), as Administrative Agent, Swingline Lender and L/C Issuer, and the lenders identified on the signature pages thereto.
The Amendment amended the Existing Agreement to, among other things, (i) increase the aggregate revolving credit commitments from $100 million to $150 million, (ii) increase the accordion feature from $40 million to $50 million, and (iii) extend the maturity date from May 6, 2027 to March 26, 2030. Additionally, two subsidiaries of the Company joined the Credit Agreement as guarantors.
The description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits: |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EVI INDUSTRIES, INC. | ||
Dated: March 28, 2025 | By: | /s/ Robert H. Lazar |
Robert H. Lazar | ||
Chief Financial Officer |