{"schema_version":"secwatch.filing_event.v1","accession":"0001319947-23-000009","form_type":"8-K","ticker":"DBI","cik":"0001319947","company_name":"Designer Brands Inc.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.376755+00:00","generated_at":"2026-06-18T12:51:04.217023+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Designer Brands ups ABL facility to $600M, adds $30M FILO term loan","bullets":["ABL facility increased from $550M to $600M; Canadian sublimit raised to $60M.","New $30M first-in-last-out (FILO) term loan drawn in full on Feb 28, 2023.","FILO loan matures March 30, 2027; interest at Prime+2.25% or SOFR+3.25%.","Consolidated Fixed Charge Coverage Ratio trigger thresholds adjusted upward.","Availability condition for covenant testing set at $47.25M or 10% of max credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001319947-23-000009","json":"https://secwatch.observer/filing/0001319947-23-000009.json","markdown":"https://secwatch.observer/filing/0001319947-23-000009.md","text":"https://secwatch.observer/filing/0001319947-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000009/0001319947-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000009/dbi-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T12:51:04.217023+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b4688a6ec45a7f519f888e7aebaae22a8a049fe1","claim":"Designer Brands Inc. incurred term loan of up to $30,000,000, which was drawn in full with The Huntington National Bank, as Administrative Agent, and the Lenders at Adjusted Term SOFR plus 3.25% maturing March 30, 2027.","evidence_excerpt":"The First Amendment also provides for a first-in-last-out term loan facility of up to $30,000,000, which was drawn in full on the date of the First Amendment","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000009/0001319947-23-000009-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $30,000,000, which was drawn in full"},{"label":"Counterparty","value":"The Huntington National Bank, as Administrative Agent, and the Lenders"},{"label":"Rate","value":"Adjusted Term SOFR plus 3.25%"},{"label":"Maturity","value":"March 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ea2cdbe485796f37060af1bb5cbb6d3dc48a69e6","claim":"Designer Brands Inc. amended revolving credit of increased the available capacity under the ABL Facility from $550,000,000 to $600,000,000 with The Huntington National Bank, as Administrative Agent, and the Lenders maturing March 30, 2027.","evidence_excerpt":"The First Amendment increased (i) the available capacity under the ABL Facility from $550,000,000 to $600,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000009/0001319947-23-000009-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"increased the available capacity under the ABL Facility from $550,000,000 to $600,000,000"},{"label":"Counterparty","value":"The Huntington National Bank, as Administrative Agent, and the Lenders"},{"label":"Maturity","value":"March 30, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"a14e460c5f4cc5d8be8d89aed18b63eb974b9434","claim":"Designer Brands Inc. amended First Amendment with the lenders party thereto, and The Huntington National Bank, as Administrative Agent valued at $600,000,000 (effective 2023-02-28).","evidence_excerpt":"On February 28, 2023, Designer Brands Inc. (the \"Company\") entered into a first amendment (the \"First Amendment\") by and among the Company and certain subsidiaries of the Company from time to time, as U.S. Borrowers, Designer Brands Canada Inc. and other subsidiaries from time to time, as Canadian Borrowers (which are referred to, together with the U.S. Borrowers, as the \"Borrowers\"), other loan parties, including certain subsidiaries of the Company as U.S. Guarantors (together with the Borrowers, the \"Loan Parties\"), the lenders party thereto (the \"Lenders\"), and The Huntington National Bank, as Administrative Agent (the \"Administrative Agent\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000009/0001319947-23-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto, and The Huntington National Bank, as Administrative Agent"},{"label":"Value","value":"$600,000,000"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}