secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001558370-23-006892
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837023006892/0001558370-23-006892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837023006892/giii-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006892

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