---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011254"
form_type: "8-K"
ticker: "SHOO"
cik: "0000913241"
company_name: "STEVEN MADDEN, LTD."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:34:38.980184+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Steven Madden adds CIT as receivables collection agent, enters factoring agreement

## Summary
- $150M revolving credit facility unchanged, matures March 20, 2027; no loans outstanding.
- CIT added as non-exclusive collection agent; assumes credit risk on approved receivables.
- Factoring fee: 0.15% of gross face amount for standard terms; additional fees for non-standard or foreign receivables.
- Factoring agreement terminable by either party with 60 days' notice after one year; CIT can terminate immediately on certain events.
- Madden Entities pledged receivables under factoring agreement to secure credit agreement obligations.

## SEC filing metadata
- accession: 0001493152-23-011254
- form_type: 8-K
- ticker: SHOO
- cik: 0000913241
- company_name: STEVEN MADDEN, LTD.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- 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/913241/000149315223011254/0001493152-23-011254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913241/000149315223011254/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011254
- JSON: https://secwatch.observer/filing/0001493152-23-011254.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011254.txt

## Key facts
- Material Agreements
  STEVEN MADDEN, LTD. entered into Credit Approved Receivables Purchasing Agreement with The CIT Group/Commercial Services, Inc. (effective 2023-04-03).
  - Action: entry
  - Counterparty: The CIT Group/Commercial Services, Inc.
  - Effective: 2023-04-03
  source text: On April 3, 2023, the Company also entered into a Credit Approved Receivables Purchasing Agreement (the “Factoring Agreement”) among the Company, certain subsidiaries of the Company (collectively with the Company, the “Madden Entities”), and CIT.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913241/000149315223011254/0001493152-23-011254-index.htm
- Material Agreements
  STEVEN MADDEN, LTD. amended Second Amendment to Credit Agreement with Citizens Bank, N.A., as administrative agent valued at $150 million (effective 2023-04-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A., as administrative agent
  - Value: $150 million
  - Effective: 2023-04-03
  source text: On April 3, 2023, Steven Madden, Ltd. (the “Company”) and certain subsidiaries of the Company acting as guarantors (the “Guarantors”) entered into a Second Amendment to Credit Agreement (the “Amendment”) that amended the Company’s Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/913241/000149315223011254/0001493152-23-011254-index.htm

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