secwatch.observer — SEC 8-K summary
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Issuer:     WEIS MARKETS INC (WMK)
CIK:        0000105418
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0000105418-23-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weis Markets amends revolver: maturity extended to 2027, LC sublimit raised to $30M
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- Maturity extended to October 1, 2027; revolving commitment remains at $30M base with $70M discretionary.
- Letter of credit sublimit increased from $18M to $30M; interest rate set at Daily Simple SOFR + 1.00%.
- Minimum EBITDA covenant raised to $175M (trailing 12 months), tested quarterly.
- Unused fee rate set at 0.25% of average daily unborrowed portion; no mandatory principal payments until maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000038/0000105418-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000038/wmk-20230929x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105418-23-000038

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