secwatch.observer — SEC 8-K summary
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Issuer:     BUILD-A-BEAR WORKSHOP INC (BBW)
CIK:        0001113809
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001437749-22-027942
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Build-A-Bear amends credit agreement to transition from LIBOR to SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113809/000143774922027942/0001437749-22-027942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113809/000143774922027942/bbw20221121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027942

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