secwatch.observer — SEC 8-K summary
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Issuer:     DULUTH HOLDINGS INC. (DLTH)
CIK:        0001649744
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001193125-25-110141
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duluth Holdings enters $100M revolver with BMO, replacing prior credit facility
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- New $100M asset-based revolving credit facility with BMO Bank N.A., maturing April 28, 2030.
- Interest rates: SOFR + 1.50% or Base Rate + 0.50%; lower than prior facility.
- Proceeds used to refinance existing debt, working capital, capex, and seasonal inventory builds.
- Old $100M facility with Bank of America (2021) terminated on April 28, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649744/000119312525110141/0001193125-25-110141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649744/000119312525110141/d933264d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-110141

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