debt
confidence high
sentiment neutral
materiality 0.50
Rocky Brands amends ABL credit agreement to adjust EBITDA covenant calculations
ROCKY BRANDS, INC.
- Amendment provides $1.7M EBITDA addback for tariff overpayments in FY 2023.
- Adds definition for SERVUS® Disposition under March 2023 Asset Purchase Agreement.
- Borrowers reaffirm no default before or after amendment; terms remain in effect.
- Amendment dated May 19, 2023 with Bank of America and Wells Fargo as lenders.