{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-000648","form_type":"8-K","ticker":"PLOW","cik":"0001287213","company_name":"DOUGLAS DYNAMICS, INC","filed_at":"2023-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.231938+00:00","generated_at":"2026-06-20T18:38:22.105320+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Douglas Dynamics ups revolving credit facility by $50M, switches to SOFR","bullets":["Revolving credit commitment increased by $50M to $150M total; maturity remains June 9, 2026.","Interest rate benchmark replaced from LIBOR to Term SOFR; margin ranges 1.375%-2.00% for term loans.","Amendment executed Jan 5, 2023; lenders include JPMorgan, CIBC, Bank of America, Citizens, Associated Bank.","New revolver capacity used for general corporate purposes; existing term loan of $225M unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-000648","json":"https://secwatch.observer/filing/0001437749-23-000648.json","markdown":"https://secwatch.observer/filing/0001437749-23-000648.md","text":"https://secwatch.observer/filing/0001437749-23-000648.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/0001437749-23-000648-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/plow20230104_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T18:38:22.105320+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":"db802a3af9f625d91bce2e203dd1f53afe678d68","claim":"DOUGLAS DYNAMICS, INC amended credit facility of the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving with JPMorgan Chase Bank, N.A. at the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging.","evidence_excerpt":"On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/0001437749-23-000648-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8a082cbeecd025190a4a4199c1ba70fde477971b","claim":"DOUGLAS DYNAMICS, INC amended Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement with the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent valued at increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 (effective 2023-01-05).","evidence_excerpt":"On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/0001437749-23-000648-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0"},{"label":"Effective","value":"2023-01-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}