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

Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2021-10-18T23:59:59+00:00
Accession:  0001193125-21-300273
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez amends credit facility to $25M-$35M, extends maturity to Dec 2024
------------------------------------------------------------------------

- Facility: $25M through Dec 1 2023, then $35M through Dec 1 2024; interest at daily SOFR + 1.35%.
- Financial covenants: trailing four-quarter net income ≥ $5M, quick ratio ≥ 1.25:1.0.
- Requires zero balance for 30 consecutive days each March and April.
- Springing event triggers if cash and equivalents fall below $70M at quarter-end.
- Proceeds for working capital and general corporate purposes; secured by substantially all personal property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000119312521300273/0001193125-21-300273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000119312521300273/d232535d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-300273

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