09/24/2026 | Press release | Distributed by Public on 09/24/2026 13:59
Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated by reference in its entirety into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation.
On September 24, 2026, Weyco Group, Inc. (the "Company") entered into the Sixth Amendment to Credit Agreement ("Sixth Amendment") amending its revolving credit facility dated as of November 4, 2020, with Associated Bank, National Association (as amended to date, the "Amended Credit Agreement"). The Sixth Amendment extends the maturity of the revolving credit facility to September 23, 2027. There are no other amendments to the Amended Credit Agreement pursuant to the Sixth Amendment. Under the terms of the Amended Credit Agreement, there is a maximum available borrowing limit of $40.0 million and amounts outstanding bear interest at the one-month term secured overnight financing rate ("SOFR") plus 110 basis points. The Amended Credit Agreement is secured by a security interest in Company's general business assets, and contains customary representations, warranties, and covenants (including a minimum tangible net worth financial covenant) for a facility of this type. The foregoing description of the Sixth Amendment does not purport to be complete and is qualified in its entirety by reference to the Sixth Amendment to Credit Agreement dated September 24, 2026, which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.