secwatch.observer — SEC 8-K summary
======================================

Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001104659-22-104551
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weyco Group amends credit facility: maturity extended, limit raised to $50M, LIBOR replaced with SOFR
--------------------------------------------------------------------------------

- Maturity extended to September 28, 2023; borrowing limit increased from $40M to $50M.
- LIBOR replaced with one-month term SOFR plus 145 basis points.
- Facility secured by general business assets; maintains minimum tangible net worth covenant.
- No other material changes to credit agreement terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000110465922104551/0001104659-22-104551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000110465922104551/tm2226981d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104551

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer