secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001104659-23-105410
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000110465923105410/0001104659-23-105410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000110465923105410/tm2327243d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-105410

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