secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001104659-22-037504
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival enters $100M credit facility maturing 2027, replaces prior 2010 agreement
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- New $100M revolving credit facility with Wells Fargo; maturity March 23, 2027.
- Uncommitted accordion feature allows increase up to an additional $50M.
- Interest at Base Rate + 0.00%-1.0% or Adjusted Term SOFR + 0.90%-1.90%.
- Financial covenants: Net Worth ≥ $250M, Interest Coverage Ratio ≥ 3.00x.
- Prior $100M facility terminated March 2022 without early termination penalties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000110465922037504/0001104659-22-037504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000110465922037504/tm2210166d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-037504

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