APOG

#2577
Apogee Enterprises, Inc. - Common Stock
40.3 3 USD
-0.01%
Market Price
Sektor: Industrie
Basis: USD
Gewinnwährung: USD
Tagesspanne
40.33
40.33
Jahresspanne
30.75
50.88
Tagesänderung
-0.71%
Monatliche Änderung
-0.30%
6 month change
+3.07%
Jahresänderung
+2.65%
Vorheriger Schlusskurs
40.6 2
Open
40.3 3
Tief
40.3 3
Hoch
40.3 3
Volumen
53
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, Q3 FY2026
APOGEE ENTERPRISES, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
APOGEE ENTERPRISES, INC. current report, Q3 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2027
APOGEE ENTERPRISES, INC. quarterly report, Q1 FY2027
10-Q
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
APOGEE ENTERPRISES, INC. current report, Q2 FY2026
8-K
Annual report, FY2026
APOGEE ENTERPRISES, INC. annual report, FY2026
10-K

APOGEE ENTERPRISES, INC. current report, Q2 FY2005

Full document

Business Context and Reporting Period

Company: Apogee Enterprises, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 4, 2005
Principal Event: Entry into a new material definitive credit agreement and termination of the prior credit facility.

Key Financial Metrics and Debt Structure

This filing details the restructuring of the Company's debt facilities rather than reporting operational financial results (revenue, profit, or cash flow) for a specific period.

  • New Credit Facility: $100.0 million committed, unsecured, revolving credit facility (expandable to $175.0 million).
  • Term: Five years.
  • Letter of Credit Sub-limit: Up to $25 million (reduces available borrowing base).
  • Interest Rate Structure: Variable rates based on LIBOR or Alternate Base Rate plus an Applicable Margin tied to the debt-to-EBITDA ratio.
  • Financial Covenants:
    • Minimum net worth requirement.
    • Maximum debt-to-EBITDA ratio of 2.75.

Material Changes Versus Prior Period

The Company replaced its existing credit facility with a new agreement on May 4, 2005.

  • Termination of Prior Agreement: The previous $125.0 million unsecured, revolving credit facility (dated April 25, 2002) was terminated upon closing of the new agreement.
  • Facility Size Change: The committed facility size decreased from $125.0 million to $100.0 million, though the new agreement allows for an increase up to $175.0 million.
  • Covenant Adjustments:
    • Prior Agreement: Required an interest coverage ratio (EBITDA/Interest) of >3.0 and a debt-to-EBITDA ratio of <3.0, 2.75, or 2.5 depending on the time period.
    • New Agreement: Requires a debt-to-EBITDA ratio of not more than 2.75 and minimum net worth levels. The specific interest coverage ratio requirement is not explicitly detailed in the summary text of the new agreement.

Guidance, Risks, and Restrictions

Management Commentary and Restrictions:

  • Dividends: The Company is restricted from declaring cash dividends or making distributions unless no Default or Event of Default exists immediately after the action.
  • Asset Dispositions: The Company cannot sell, transfer, or dispose of 10% or more of its total consolidated assets in a fiscal year (excluding Like-Kind Exchanges and ordinary course inventory sales) without lender consent or unless no Default exists.
  • Mergers and Consolidations: Restricted unless the surviving entity is in compliance with all covenants.
Risks and Contingencies:
  • Acceleration: Amounts due may be accelerated upon an Event of Default, including breach of covenants or bankruptcy.
  • Termination: Lenders may terminate the commitment or declare loans due if the Company fails to maintain minimum net worth or the 2.75 debt-to-EBITDA ratio.
Outlook: The filing does not provide specific revenue or earnings guidance.

Important Facts for Investor Verification

  • Verify the Company's current debt-to-EBITDA ratio to ensure compliance with the new 2.75 covenant limit.
  • Confirm the Company's current net worth position against the minimum requirement stipulated in the new agreement.
  • Review the full text of Exhibit 10.1 (Credit Agreement) for the specific calculation of the "Applicable Margin" and the exact minimum net worth threshold.
  • Monitor the Company's ability to service debt under the new variable interest rate structure.

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