Weyco Group Amends Credit Facility, Extends Revolving Line to Sept 2027

What Happened Weyco Group, Inc. (WEYS) filed a Form 8‑K on September 24, 2026, reporting it entered into a Sixth Amendment to its revolving credit agreement with Associated Bank, N.A. The amendment extends the maturity date of the existing revolving credit facility to September 23, 2027 and does not change any other terms of the Amended Credit Agreement dated November 4, 2020.

Key Details

• Maximum available borrowing limit under the facility: $40.0 million.
• Interest on amounts outstanding: one‑month SOFR (secured overnight financing rate) plus 110 basis points.
• The facility is secured by a security interest in Weyco’s general business assets and includes customary representations, warranties and covenants, including a minimum tangible net worth covenant.
• The Sixth Amendment was entered into on September 24, 2026; it is filed as Exhibit 10.1 to the 8‑K.

Why It Matters This amendment preserves Weyco’s access to a $40.0M revolving credit line through September 23, 2027, which supports short‑term liquidity and working capital needs. The interest rate tied to one‑month SOFR + 110 bps defines the company’s borrowing cost under the facility, while the security interest and covenants (notably a tangible net worth requirement) are standard lender protections that investors should monitor because they can affect cash flow flexibility and actions like dividends or share repurchases if covenant tests tighten.