---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-105410"
form_type: "8-K"
ticker: "WEYS"
cik: "0000106532"
company_name: "WEYCO GROUP INC"
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:46:25.272855+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Weyco Group amends credit facility: maturity to Sept 2024, limit cut to $40M

## Summary
- Maximum borrowing reduced from $50M to $40M under amended credit agreement with Associated Bank.
- Maturity extended to September 28, 2024; facility now bears interest at one-month term SOFR plus 125 bps.
- Facility secured by general business assets; includes minimum tangible net worth covenant.
- Third Amendment dated September 28, 2023; previous note of $50M replaced.

## SEC filing metadata
- accession: 0001104659-23-105410
- form_type: 8-K
- ticker: WEYS
- cik: 0000106532
- company_name: WEYCO GROUP INC
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106532/000110465923105410/0001104659-23-105410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106532/000110465923105410/tm2327243d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-105410
- JSON: https://secwatch.observer/filing/0001104659-23-105410.json
- Plain text: https://secwatch.observer/filing/0001104659-23-105410.txt

## Key facts
- Debt Financings
  WEYCO GROUP INC amended revolving credit of $40.0 million with Associated Bank, National Association at one-month term secured overnight financing rate (“SOFR”) plus 125 basis points maturing September 28, 2024.
  - Instrument: revolving credit
  - Principal: $40.0 million
  - Counterparty: Associated Bank, National Association
  - Rate: one-month term secured overnight financing rate (“SOFR”) plus 125 basis points
  - Maturity: September 28, 2024
  - Event: amendment
  source text: The Third Amendment extends the maturity of the credit facility to September 28, 2024, and has a maximum available borrowing limit of $40.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923105410/0001104659-23-105410-index.htm

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