secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2025-04-15T23:59:59+00:00
Accession:  0001104659-25-035185
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends amends credit agreement, extends maturity to April 2030
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- Maturity extended five years from August 2026 to April 10, 2030.
- $75M facility maintained, with $25M uncommitted accordion up to $100M.
- Interest rates: Term SOFR + 1.5-2% or Base Rate + 1.5-2%, based on daily availability.
- Collateral remains inventory, accounts receivable, and related assets (not real estate).
- Fixed charge coverage ratio covenant tested only in certain circumstances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465925035185/0001104659-25-035185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465925035185/tm2512374d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-035185

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