---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-000748"
form_type: "8-K"
ticker: "GCO"
cik: "0000018498"
company_name: "GENESCO INC"
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T11:54:46.776352+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Genesco amends credit agreement: maturity extended to 2027, margin reduced 1%

## Summary
- Extended maturity to Jan 28, 2027; removed $17.5M term loan.
- Borrowing base expanded: in-transit inventory (≤15% of base, 75% advance rate) and real estate (up to 25%, 60% advance rate).
- Seasonal inventory advance rate increased to 92.5% for four months; intellectual property excluded from collateral.
- No financial covenants unless Excess Availability < $22.5M or 10% of loan cap; then fixed charge coverage ratio ≥1.0:1.0.
- Applicable Margin on revolver reduced by 1.00%; replaced LIBOR with SOFR.

## SEC filing metadata
- accession: 0000950170-22-000748
- form_type: 8-K
- ticker: GCO
- cik: 0000018498
- company_name: GENESCO INC
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18498/000095017022000748/0000950170-22-000748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18498/000095017022000748/gco-20220128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-000748
- JSON: https://secwatch.observer/filing/0000950170-22-000748.json
- Plain text: https://secwatch.observer/filing/0000950170-22-000748.txt

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