secwatch.observer — SEC 8-K summary
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Issuer:     WEIS MARKETS INC (WMK)
CIK:        0000105418
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0000105418-21-000043
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weis Markets amends revolving credit facility with Wells Fargo, extends maturity to Sept 2024
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- Unsecured revolving credit facility amended; aggregate principal commitment of $30M with up to $70M discretionary availability.
- Maturity extended to September 1, 2024; interest rate set at Daily Simple SOFR plus 0.76%.
- Minimum EBITDA covenant set at $75M (trailing 12 months); various covenant thresholds increased.
- Indebtedness limit raised to $50M, liens to $10M, investment/acquisition basket to $250M aggregate.
- Amendment dated September 29, 2021, with Wells Fargo Bank, N.A. as lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105418/000010541821000043/0000105418-21-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105418/000010541821000043/wmk-20210929x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105418-21-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer