Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WEIS MARKETS INC amended revolving credit of $30,000,000.00 with Wells Fargo Bank, National Association at one percent (1.00%) above Daily Simple SOFR maturing October 1, 2027.
- Instrument
- revolving credit
- Principal
- $30,000,000.00
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- one percent (1.00%) above Daily Simple SOFR
- Maturity
- October 1, 2027
- Event
- amendment
Exact text from the filing
The Amended Credit Agreement provides for an unsecured revolving credit facility with an aggregate principal amount not to exceed Thirty Million Dollars ($30,000,000.00), with an additional discretionary availability of Seventy Million Dollars ($70,000,000.00) (the "Commitment").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WEIS MARKETS INC amended Amended Credit Agreement with Wells Fargo Bank, National Association valued at $30,000,000.00 (effective 2023-09-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $30,000,000.00
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023 (the "Closing Date"), Weis Markets, Inc.; Dutch Valley Food Company, LLC; Weis Transportation, LLC and WMK Financing, Inc. (collectively, the "Company") entered into an Amendment to Revolving Credit Agreement (the "Amended Credit Agreement"), which amends the Revolving Credit Agreement (the “Credit Agreement”) dated September 1, 2016 and previously amended on August 21, 2019 and September 29, 2021 with Wells Fargo Bank, National Association (the "Lender").
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