---
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"
generated_at: "2026-06-20T18:38:22.105320+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics ups revolving credit facility by $50M, switches to SOFR

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-000648
- JSON: https://secwatch.observer/filing/0001437749-23-000648.json
- Plain text: https://secwatch.observer/filing/0001437749-23-000648.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/0001437749-23-000648-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent
  - Value: increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0
  - Effective: 2023-01-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923000648/0001437749-23-000648-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.