Smith & Wesson repays $100 million under revolving line of credit

By Toni Weeks

San Luis Obispo, Calif., May 14 – Smith & Wesson Holding Corp. announced that it repaid in full the $100 million it had borrowed from its revolving line of credit in December.

After the paydown, availability on the line of credit was up to the full $175 million, according to a press release.

The company also said it plans to redeem all $100 million principal amount of its 5 7/8% senior notes due 2017 with bank borrowings and existing cash on June 15.

The redemption price will be 102.9375% of par plus accrued interest.

The designer and manufacturer of firearms is based in Springfield, Mass.

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