---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006892"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:37:51.077240+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "medium"
source: SEC EDGAR
---

# G-III Apparel Group amends credit agreement to replace LIBOR with SOFR benchmark

## Summary
- Amendment No. 1 to Second Amended and Restated Credit Agreement effective April 20, 2023.
- LIBO Rate replaced with Adjusted Term SOFR Rate plus spread or alternate base rate plus spread.
- All other material provisions of the credit agreement remain unchanged.
- Borrower representative: G-III Leather Fashions, Inc.; Administrative Agent: JPMorgan Chase.

## SEC filing metadata
- accession: 0001558370-23-006892
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837023006892/0001558370-23-006892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837023006892/giii-20230420x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006892
- JSON: https://secwatch.observer/filing/0001558370-23-006892.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006892.txt

## Key facts
- Material Agreements
  G III APPAREL GROUP LTD /DE/ amended Amendment No. 1 with JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent and other lenders party thereto (effective 2023-04-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent and other lenders party thereto
  - Effective: 2023-04-20
  source text: On April 20, 2023, G-III Leather Fashions, Inc. (the “Borrower Representative”) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent and other lenders party thereto, entered into that certain Amendment No. 1 (the “Amendment No. 1”) to that certain Second Amended and Restated Credit Agreement, dated as of August 7, 2020
  evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000155837023006892/0001558370-23-006892-index.htm

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