---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-010088"
form_type: "8-K"
ticker: null
cik: "0000743238"
company_name: "SHYFT GROUP, INC."
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:37:24.653403+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Shyft Group reduces revolving credit facility from $400M to $300M; margins increased

## Summary
- Revolving credit commitments cut from $400M to $300M across four lenders.
- Applicable margin for term SOFR and base rate loans increased under the amendment.
- Maximum leverage ratio temporarily raised; debt calculation adjusted for leverage test.
- Consent fee of 0.10% of each consenting lender's commitment paid as of the effective date.
- Amendment dated March 27, 2024, with Wells Fargo, JPMorgan, PNC, and Bank of America.

## SEC filing metadata
- accession: 0001437749-24-010088
- form_type: 8-K
- cik: 0000743238
- company_name: SHYFT GROUP, INC.
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/743238/000143774924010088/0001437749-24-010088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/743238/000143774924010088/shyf20240327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010088
- JSON: https://secwatch.observer/filing/0001437749-24-010088.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010088.txt

## Key facts
- Material Agreements
  SHYFT GROUP, INC. amended Second Amendment to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., PNC Bank, National Association and Bank of America, N.A. (effective 2024-03-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., PNC Bank, National Association and Bank of America, N.A.
  - Effective: 2024-03-27
  source text: On March 27, 2024, The Shyft Group, Inc. (“Shyft”), The Shyft Group Services, LLC, The Shyft Group USA, Inc. and Royal Truck Body LLC, each acting as borrowers, and certain other subsidiaries of Shyft, each acting as guarantors, entered into the Second Amendment to Amended and Restated Credit Agreement (the “Credit Agreement Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/743238/000143774924010088/0001437749-24-010088-index.htm

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