secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001437749-23-013593
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774923013593/0001437749-23-013593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774923013593/rcky20230509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013593

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