---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013593"
form_type: "8-K"
ticker: "RCKY"
cik: "0000895456"
company_name: "ROCKY BRANDS, INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:39:19.226553+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rocky Brands amends term loan facility; pays $240K fee, adjusts covenants through 2025

## Summary
- Fourth Amendment to Term Loan Agreement with TCW Asset Management Company LLC dated May 9, 2023.
- Adjusts EBITDA definitions, total debt calculation, and total leverage ratio covenants through March 31, 2025.
- Borrowers pay $240,000 initial amendment fee; conditional $120,000 fee based on June 30, 2023 leverage ratio.
- Conditions include no default, representations true; post-closing ABL loan amendment due by May 31, 2023.

## SEC filing metadata
- accession: 0001437749-23-013593
- form_type: 8-K
- ticker: RCKY
- cik: 0000895456
- company_name: ROCKY BRANDS, INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895456/000143774923013593/0001437749-23-013593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895456/000143774923013593/rcky20230509_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013593
- JSON: https://secwatch.observer/filing/0001437749-23-013593.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013593.txt

## Key facts
- Debt Financings
  ROCKY BRANDS, INC. amended term loan with TCW Asset Management Company LLC.
  - Instrument: term loan
  - Counterparty: TCW Asset Management Company LLC
  - Event: amendment
  source text: On May 9, 2023, the Company and TCW entered into a Fourth Amendment to the Term Loan Agreement (“Term Loan Amendment”), among other things, to provide certain EBITDA adjustments with respect to its financial covenants, adjust the method to calculate total debt, continue certain weekly reporting requirements, adjust ratio requirements for the total leverage ratio periodically through March 31, 2025, continue certain pricing terms, extend certain prepayment terms, and pay such lenders certain amendment fees.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895456/000143774923013593/0001437749-23-013593-index.htm

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