---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002511"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:43:23.807184+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics amends credit agreement to temporarily raise leverage ratio covenant

## Summary
- Leverage ratio raised from 3.50x to 4.25x for Q4 2023; 4.00x for Q1/Q2 2024; returns to 3.50x from Q3 2024.
- Amendment No. 3 modifies Section 7.18(a) of the Credit Agreement dated June 9, 2021.
- Amendment approved by required lenders and administrative agent JPMorgan Chase Bank, N.A.
- Borrowers paid consent fee of 0.05% of each lender's commitments and term loans.
- No default or event of default existed at effectiveness; loan parties reaffirmed obligations.

## SEC filing metadata
- accession: 0001437749-24-002511
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287213/000143774924002511/0001437749-24-002511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774924002511/plow20240126c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002511
- JSON: https://secwatch.observer/filing/0001437749-24-002511.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002511.txt

## Key facts
- Material Agreements
  DOUGLAS DYNAMICS, INC amended Amendment No. 3 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders listed therein (effective 2024-01-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders listed therein
  - Effective: 2024-01-29
  source text: On January 29, 2024, the Company entered into that certain Amendment No. 3 to Credit Agreement ("Amendment No. 3") by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 3 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement by modifying the minimum required Leverage Ratio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774924002511/0001437749-24-002511-index.htm

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