---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-21-003519"
form_type: "8-K"
ticker: "MOV"
cik: "0000072573"
company_name: "MOVADO GROUP INC"
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T14:40:26.108089+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Movado extends $100M revolver maturity to 2026, reduces LIBOR floor to zero

## Summary
- Amendment No. 3 extends $100M senior secured revolver from Oct 2023 to Oct 2026.
- LIBOR floor reduced from 1% to zero; commitment fee cut by 0.05% when net leverage >0.75x.
- General investment basket raised to $35M/year with up to $20M unused carryforward.
- Up to $25M of unrestricted US cash netted in consolidated net leverage calculation.
- As of Oct 28, 2021, no loans drawn and ~$307K in letters of credit outstanding; availability ~$99.7M.

## SEC filing metadata
- accession: 0000950142-21-003519
- form_type: 8-K
- ticker: MOV
- cik: 0000072573
- company_name: MOVADO GROUP INC
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72573/000095014221003519/0000950142-21-003519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72573/000095014221003519/eh210198501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-21-003519
- JSON: https://secwatch.observer/filing/0000950142-21-003519.json
- Plain text: https://secwatch.observer/filing/0000950142-21-003519.txt

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