{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-027942","form_type":"8-K","ticker":"BBW","cik":"0001113809","company_name":"BUILD-A-BEAR WORKSHOP INC","filed_at":"2022-11-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.650512+00:00","generated_at":"2026-06-21T13:18:13.171705+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Build-A-Bear amends credit agreement to transition from LIBOR to SOFR","bullets":["Second Amendment dated Nov 21, 2022 transitions interest reference from LIBOR to SOFR-based rate.","Company currently has $500,000 letter of credit outstanding and no drawn indebtedness under the facility.","Amendment also updates sanctions/AML compliance provisions and implements other technical changes.","Company affirms it is in compliance with all credit agreement covenants.","No change to total commitment amount or borrowing availability; purely a rate-index revision."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-027942","json":"https://secwatch.observer/filing/0001437749-22-027942.json","markdown":"https://secwatch.observer/filing/0001437749-22-027942.md","text":"https://secwatch.observer/filing/0001437749-22-027942.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1113809/000143774922027942/0001437749-22-027942-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1113809/000143774922027942/bbw20221121_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:18:13.171705+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":"6b5eab679d8e3132de6f10c7f92f35baf743c0a1","claim":"BUILD-A-BEAR WORKSHOP INC entered into Second Amendment to Revolving Credit and Security Agreement with PNC Bank, National Association, as agent for Lenders valued at Amendment to change interest rate from LIBOR to SOFR, update mechanics, sanctions compliance, and ot (effective 2022-11-21).","evidence_excerpt":"On November 21, 2022, Build-A-Bear Workshop, Inc. (the “Company”), as borrowing agent; Build-A-Bear Retail Management, Inc., together with the Company, as borrowers (collectively, the “Borrowers”); and Build-A-Bear Workshop Franchise Holdings, Inc., Build-A-Bear Entertainment, LLC, Build-A-Bear Card Services, LLC and Build-A-Bear Workshop Canada, Ltd. (collectively, the “Guarantors”); entered into a Second Amendment to Revolving Credit and Security Agreement (the “Second Amendment”) with the lenders party thereto (the “Lenders”); and PNC Bank, National Association, as agent for Lenders (in such capacity, “Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1113809/000143774922027942/0001437749-22-027942-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as agent for Lenders"},{"label":"Value","value":"Amendment to change interest rate from LIBOR to SOFR, update mechanics, sanctions compliance, and ot"},{"label":"Effective","value":"2022-11-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}