secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001193125-24-284169
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez enters $25M revolving credit facility with PNC Bank, maturing Dec 2025
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- Revolving credit facility of $25M for general corporate purposes; sub-limits of $17.5M standby LCs, $10M commercial LCs, and $15M foreign currency borrowings.
- Facility secured by cash and marketable securities held by the bank; collateral value must at all times equal or exceed the $25M commitment.
- Borrowings bear interest at SOFR plus 1.00% per annum; no financial covenants, ongoing fees, or unused commitment fees.
- Matures December 20, 2025; available in U.S. dollars, Euros, Canadian dollars, and Australian dollars.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000119312524284169/0001193125-24-284169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000119312524284169/d842642d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-284169

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