debt
confidence high
sentiment neutral
materiality 0.20
Weyco Group extends revolving credit facility maturity to Sept 2025
WEYCO GROUP INC
- Fourth Amendment to Credit Agreement with Associated Bank extends maturity to September 26, 2025.
- Revolving credit facility retains $40.0 million maximum borrowing limit.
- Interest continues at one-month term SOFR plus 125 basis points.
- No other changes to terms, covenants, or collateral requirements.
- Facility secured by general business assets; minimum tangible net worth covenant remains.