Acuity Inc. (De) 8-K, filed Jan 6, 2025
Acuity Inc. (De) (AYI)
About this 8-K
Acuity Inc. (De) filed this 8-K on January 6, 2025, reporting on events of January 1, 2025.
Items reported
- Item 2.03: New debt or off-balance-sheet obligation
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On January 2, 2025, in connection with the Acquisition (as defined below), Acuity Brands Lighting, Inc. (the “Borrower”), a wholly owned subsidiary of Acuity Brands, Inc. (“we,” “our,” “us,” “the Company,” or similar references), incurred an aggregate $600 million in indebtedness pursuant to the previously announced delayed draw term loan facility provided under that certain Credit Agreement, dated as of June 30, 2022, among the Company, the Borrower, J.P. Morgan Chase Bank, N.A., as administrative agent, and the lenders and other parties thereto, as amended by that certain Amendment No. 1 to Credit Agreement, dated as of November 25, 2024.
| Item 8.01 | Other Events. |
On January 1, 2025, Acuity Brands Technology Services, Inc., a wholly owned subsidiary of the Company, completed the previously announced acquisition (the “Acquisition”) of QSC, LLC (“QSC”), a leader in the design, engineering and manufacturing of audio, video and control solutions and services, from QSC Holdings, Inc. and the other owners of QSC, for a cash purchase price totaling approximately $1.215 billion, subject to customary adjustments.
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.
Date: January 6, 2025
| ACUITY BRANDS, INC. | ||
| By: | /s/ Karen J. Holcom | |
| Karen J. Holcom | ||
| Senior Vice President and Chief Financial Officer | ||