Item 1.01 Entry into a Material Definitive Agreement

As described in Item 2.03 of this Form 8-K, on January 7, 2022, the Company entered into a loan agreement with Regions Bank. The disclosure provided in Item 2.03 of this Form 8-K is hereby incorporated by reference into this Item 1.01.


 Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

           Off-Balance Sheet Arrangement of a Registrant

On January 7, 2022, the Company entered into a Loan Agreement ("Loan Agreement") with Regions Bank ("Bank"). The Loan Agreement provides for a revolving line of credit of up to $40 million, with a $10 million sublimit for letters of credit. Advances made under the line of credit can be used for working capital and other general corporate purposes. Outstanding amounts under the line of credit will bear interest at either 1) the Bloomberg Short-Term Bank Yield Index - 1 Month plus 150 basis points, or 2) a fluctuating rate per annum equal to the greater of (i) the Bank's prime rate, or (ii) the Federal funds rate plus 50 basis points. All amounts outstanding under the Loan Agreement are due on January 7, 2024.

Pursuant to the Loan Agreement, the credit facility is available to the Company provided that no event of default under the Loan Agreement shall have occurred and be continuing. Upon the occurrence of an event of default under the Loan Agreement, including payment defaults, covenant defaults, and other customary defaults, the Company's obligations under the Loan Agreement may be accelerated. The Company may repay loans in whole or in part at any time. The Company's obligations under the Loan Agreement are unsecured and have not been guaranteed by any other person or entity.

This description of the Company's revolving line of credit under the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.






Exhibit No. Description



10.1          Loan Agreement, dated January 7, 2022 between Sturm, Ruger &
            Company, Inc. and Regions Bank.




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