---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-013942"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:24:34.966562+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# DXLG amends credit facility to replace LIBOR with SOFR interest rate options

## Summary
- First Amendment dated April 20, 2023, replaces LIBOR with SOFR (Daily Simple SOFR) as benchmark rate.
- Base Rate loans now tied to greater of Prime Rate, Fed Funds +0.50%, or Daily Simple SOFR +1.00% plus Applicable Margin.
- Daily Simple SOFR loans bear interest at SOFR +0.10% adjustment plus Applicable Margin (0.25% or 0.50% based on availability).
- As of April 20, 2023, the Company had no outstanding borrowings under the amended Credit Agreement.
- Amendment updates the October 28, 2021 Credit Agreement with Citizens Bank as administrative agent.

## SEC filing metadata
- accession: 0000950170-23-013942
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017023013942/0000950170-23-013942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017023013942/dxlg-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-013942
- JSON: https://secwatch.observer/filing/0000950170-23-013942.json
- Plain text: https://secwatch.observer/filing/0000950170-23-013942.txt

## Key facts
- Material Agreements
  DESTINATION XL GROUP, INC. amended First Amendment to Credit Agreement with the lenders party thereto and Citizens Bank, N.A., as administrative agent for the lenders (effective 2023-04-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto and Citizens Bank, N.A., as administrative agent for the lenders
  - Effective: 2023-04-20
  source text: On April 20, 2023, Destination XL Group, Inc. (the “Company”) amended its credit facility by entering into a First Amendment to Credit Agreement (the “First Amendment”) with the lenders party thereto and Citizens Bank, N.A., as administrative agent for the lenders, which amends the Credit Agreement, dated October 28, 2021 (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/813298/000095017023013942/0000950170-23-013942-index.htm

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