8-KThe WireStrategic
Material Agreement · New Debt / Obligation
Filed Mar 28, 2025 · 1y ago · Accession 0001174947-25-000411
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
_________________________________
Date of Report (Date of earliest event
reported): March 26, 2025
EVI Industries, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
(State or other jurisdiction of
incorporation
or organization)
001-14757
(Commission File Number)
11-2014231
(IRS Employer Identification No.)
4500 Biscayne Blvd. , Suite 340
Miami , Florida
(Address of principal executive offices)
33137
(Zip Code)
(305) 402-9300
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $.025 par value
EVI
NYSE American
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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:
10.1 Second Amendment to Credit Agreement and Joinder Agreement dated as of
March 26, 2025, by and among EVI Industries, Inc., certain subsidiaries of the EVI Industries, Inc. identified on the signature pages
thereto, as guarantors, Bank of American, N.A., as Administrative Agent, Swingline Lender and L/C Issuer and the lenders identified on
the signature pages thereto.
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
Filing details
- Company
- EVI INDUSTRIES, INC.
- Ticker
- EVI
- CIK
- 65312
- Form type
- 8-K
- Filing date
- Mar 28, 2025
- Report date
- Mar 26, 2025
- Document
- form8k-33908_evi.htm
- Size
- 1.3 MB