secwatch.observer — SEC 8-K summary
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Issuer:     STEVEN MADDEN, LTD. (SHOO)
CIK:        0000913241
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011254
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steven Madden adds CIT as receivables collection agent, enters factoring agreement
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913241/000149315223011254/0001493152-23-011254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913241/000149315223011254/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011254

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