secwatch.observer — SEC 8-K summary
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Issuer:     STEVEN MADDEN, LTD. (SHOO)
CIK:        0000913241
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001493152-23-038381
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steven Madden amends $150M credit facility and signs factoring rider for post-acquisition receivables
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- Third Amendment to $150M revolving credit facility; maturity unchanged at March 20, 2027; no loans or letters of credit outstanding.
- Notification Factoring Rider with CIT for receivables from assets acquired from Turn On Products (Almost Famous) on Oct 20, 2023.
- Base factoring fee 0.10%-0.20% of gross face amount; CIT assumes credit risk on approved post-acquisition receivables.
- The factoring rider can be terminated with 10-day notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913241/000149315223038381/0001493152-23-038381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913241/000149315223038381/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038381

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