# ACME UNITED CORP (ACU) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_607aa474b9298d972aa8 · retrieved 2026-08-11T16:12:00.890Z

## Overview
Acme United Corporation manufactures cutlery, handtools and general hardware products.

Acme United Corporation entered into a new $65 million syndicated revolving credit facility on July 15, 2026 with HSBC Bank USA, National Association and City National Bank (a subsidiary of Royal Bank of Canada), replacing its prior $65 million facility scheduled to expire May 31, 2027. The new facility matures on July 15, 2029 and is intended to provide liquidity for growth, acquisitions, dividends, and other business activities. Borrowings bear interest at Term SOFR plus an applicable margin ranging from 2.00% to 2.75% based on the Company's Net Funded Debt to EBITDA ratio, with a 0.25% per annum commitment fee on unused commitments. The facility is secured by a first-priority lien on substantially all assets of the Company and contains customary financial maintenance covenants including a maximum Net Funded Debt to EBITDA ratio of 3.75 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.10 to 1.00.

## Terms
- Counterparty: HSBC Bank USA, National Association and City National Bank · Deal value: $65.0M

## Key dates
- Announced 2026-07-21 · Expiry 2029-07-15

## Timeline
- 2026-07-21 · 8-K (0001193125-26-310329): 8-K - ACME UNITED CORP — *Acme United Corporation manufactures cutlery, handtools and general hardware products.* Acme United Corporation entered into a new $65 million syndicated revolving credit facility on July 15, 2026 with HSBC Bank USA, National Association and City National Bank (a subsidiary of Royal Bank of Canada), replacing its prior $65 million facility scheduled to expire May 31, 2027. The new facility matures on July 15, 2029 and is intended to provide liquidity for growth, acquisitions, dividends, and other business activities. Borrowings bear interest at Term SOFR plus an applicable margin ranging from 2.00% to 2.75% based on the Company's Net Funded Debt to EBITDA ratio, with a 0.25% per annum commitment fee on unused commitments. The facility is secured by a first-priority lien on substantially all assets of the Company and contains customary financial maintenance covenants including a maximum Net Funded Debt to EBITDA ratio of 3.75 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.10 to 1.00.
  https://www.sec.gov/Archives/edgar/data/2098/0001193125-26-310329.txt

## Citations
- 0001193125-26-310329 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526310329