---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-009834"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T02:55:40.007905+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics refinances with $150M term loan and $125M revolver due 2030

## Summary
- New credit agreement includes $150M senior secured term loan and $125M revolving facility.
- Facilities mature March 26, 2030; replace prior credit agreement dated June 2021.
- Term loan interest at SOFR plus 1.375%-2.00%; revolver rates similarly based on leverage.
- Leverage ratio covenant ≤3.50x; interest coverage ≥3.00x; secured by substantially all personal property.
- Proceeds used to refinance existing term loan and revolving facilities under original credit agreement.

## SEC filing metadata
- accession: 0001437749-25-009834
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287213/000143774925009834/0001437749-25-009834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774925009834/plow20250327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-009834
- JSON: https://secwatch.observer/filing/0001437749-25-009834.json
- Plain text: https://secwatch.observer/filing/0001437749-25-009834.txt

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