Item 1.01. Amendment to a Material Definitive Agreement.

On April 9, 2021, Hamilton Beach Brands, Inc. ("HBB") entered into Amendment No. 9 to Amended and Restated Credit Agreement by and among Wells Fargo Bank, National Association, as Administrative Agent, the Lenders that are Parties thereto as the Lenders, Hamilton Beach Brands, Inc., as Parent and U.S. Borrower, and Hamilton Beach Brands Canada, Inc., as Canadian Borrower (the "Amendment"). Due to the highly seasonal nature of the Company's primary markets, Amendment No. 8 dated November 23, 2020 provided for increases in advance rates used to determine the borrowing base during periods of the second half of the calendar year. The Amendment increases the credit facility from $125 million to $140 million for a period of sixty days from its effective date to provide similar flexibility as demand for small kitchen appliances is expected to remain strong in the first half of 2021.

The Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated into this Item 1.01 by reference. The foregoing summary of the Amendment is qualified in its entirety by reference to the full text of such exhibit.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.                  Exhibit Description
10.1                           Amendment No. 9 to Amended and Restated Credit Agreement by and
                             among Wells Fargo Bank, National Association, as Administrative
                             Agent, the Lenders that are Parties Hereto as the Lenders, Hamilton
                             Beach Brands, Inc., as Parent and U.S. Borrower, and Hamilton Beach
                             Brands Canada, Inc., as Canadian Borrower, dated April 9, 2021.

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