---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-23-000085"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T10:54:33.451064+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Wolverine Worldwide amends credit agreement, temporarily raises leverage covenant to 4.875x EBITDA

## Summary
- Amendment temporarily increases max consolidated leverage ratio from 4.5x to 4.875x EBITDA for remainder of fiscal 2023.
- Leverage covenant will revert to 4.5x in Q1 fiscal 2024; bank group provided unanimous support.
- Enhances near-term financial flexibility amid challenging macro environment, per CFO Mike Stornant.
- JP Morgan Chase served as administrative agent; amendment received favorable pricing from lenders.

## SEC filing metadata
- accession: 0000110471-23-000085
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047123000085/0000110471-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047123000085/www-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-23-000085
- JSON: https://secwatch.observer/filing/0000110471-23-000085.json
- Plain text: https://secwatch.observer/filing/0000110471-23-000085.txt

## Key facts
- Material Agreements
  WOLVERINE WORLD WIDE INC /DE/ amended Fourth Amendment with JP Morgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto (effective 2023-06-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JP Morgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto
  - Effective: 2023-06-30
  source text: On June 30, 2023, Wolverine World Wide, Inc. (the “Company”) entered into the Fourth Amendment (the “Amendment”) to its Credit Agreement, dated as of July 31, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, as parent borrower, the additional borrowers party thereto, the guarantors party thereto, JP Morgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047123000085/0000110471-23-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.