secwatch.observer — SEC 8-K summary
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Issuer:     STEVEN MADDEN, LTD. (SHOO)
CIK:        0000913241
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001019056-22-000300
Event type: debt
Sentiment:  positive
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steven Madden amends credit facility, swaps LIBOR for BSBY, reduces margins by 75 bps
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- $150M revolving facility matures March 20, 2027; no loans outstanding as of March 25, 2022.
- Base rate margin reduced from 100-150 bps to 25-75 bps; BSBY margin from 200-250 bps to 125-175 bps.
- Commitment fee cut from 0.40% to 0.25% on unused commitment; borrowing base reporting frequency reduced when no loans are outstanding.
- Interest rate benchmark replaced LIBOR with Bloomberg Short-Term Bank Yield Index (BSBY).
- Amendment effective March 20, 2022; reflects improved credit terms and simplified reporting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913241/000101905622000300/0001019056-22-000300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913241/000101905622000300/smadden_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000300

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