secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001437749-22-025778
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocky Brands amends credit agreements, adding EBITDA adjustments and raising leverage ratio caps
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- ABL and Term Loan amendments provide EBITDA add-backs for tariff overpayments up to $1.7M in Q2 2022 and $1.3M in Q4 2022.
- Term Loan Maximum Total Leverage Ratio increased by 0.50 for Q3 and Q4 2022, and by 0.25 for Q1 and Q2 2023.
- Performance pricing grid adjusted under Term Loan Agreement; effective November 2, 2022.
- Third amendments executed with Bank of America (ABL) and TCW Asset Management (Term Loan).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774922025778/0001437749-22-025778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774922025778/rcky20221101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025778

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