---
schema_version: "secwatch.filing_event.v1"
accession: "0000908315-21-000029"
form_type: "8-K"
ticker: "WINA"
cik: "0000908315"
company_name: "WINMARK CORP"
filed_at: "2021-09-10T23:59:59+00:00"
generated_at: "2026-06-29T04:41:22.583036+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Winmark issues $30M of 3.18% Senior Secured Notes due 2028

## Summary
- $30M principal, 3.18% annual interest, quarterly payments, 7-year final maturity.
- Notes issued to affiliates of PGIM, Inc. under existing note agreement; prepayable with Yield Maintenance.
- Proceeds for general corporate purposes, including potential share repurchases and dividends.
- Amendments remove tangible net worth covenant and increase flexibility for shareholder distributions.
- Credit agreement amended to permit up to $30M additional term notes and replace LIBOR as interest rate option.

## SEC filing metadata
- accession: 0000908315-21-000029
- form_type: 8-K
- ticker: WINA
- cik: 0000908315
- company_name: WINMARK CORP
- filed_at: 2021-09-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908315/000090831521000029/0000908315-21-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908315/000090831521000029/c315-20210910x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908315-21-000029
- JSON: https://secwatch.observer/filing/0000908315-21-000029.json
- Plain text: https://secwatch.observer/filing/0000908315-21-000029.txt

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