Clarus Corporation (CLAR) has shared an update.
Clarus Corporation successfully concluded its Sale Transaction, offloading its Precision Sport segment to Bullseye Acquisitions for $175 million, leading to net proceeds of roughly $37.9 million post-settlement of existing credit obligations. The company used a significant portion of the sale proceeds to clear all debts under its Amended and Restated Credit Agreement, thereby terminating the agreement and related security documentation. Investors are cautioned that details within the Purchase Agreement serve primarily to allocate risk between contracting parties and may not fully represent the current or future state of the companies involved.
For detailed information about CLAR stock, go to TipRanks’ Stock Analysis page.
