secwatch.observer — SEC 8-K summary
======================================

Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001558370-24-008935
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel Group enters $700M ABL credit facility, extends maturity to 2029
------------------------------------------------------------------------------

- New $700M senior secured asset-based revolving facility replaces $650M prior agreement.
- Maturity extended to June 4, 2029 from August 7, 2025.
- Borrowings bear interest at SOFR +1.50%-2.00% or base rate +0.50%-1.00%.
- Facility is secured by specified assets of Borrowers and Guarantors.
- JPMorgan Chase Bank, N.A. acts as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837024008935/0001558370-24-008935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837024008935/giii-20240604x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008935

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer