secwatch.observer — SEC 8-K summary
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Issuer:     DOUGLAS DYNAMICS, INC (PLOW)
CIK:        0001287213
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001437749-25-009834
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287213/000143774925009834/0001437749-25-009834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287213/000143774925009834/plow20250327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-009834

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