Shoe Station Group: amends $100,000,000 credit agreement

What happened

• Shoe Station Group filed an 8-K reporting that on Oct 15, 2026 it entered into the First Amendment to Amended and Restated Credit Agreement with the financial institutions party thereto as lenders and Wells Fargo Bank, National Association, as administrative agent. The Amendment modifies the Company’s Amended and Restated Credit Agreement dated Mar 23, 2022.

Key details

• The Credit Agreement provides for a $100,000,000 revolving credit facility; the Amendment extends the maturity date to Oct 15, 2031.
• Following the Amendment, revolving loans bear interest, at the Company’s option, at either (i) a Base Rate plus a margin of 0.00% to 1.00% or (ii) Adjusted Term SOFR (the Amendment removed a 0.10% credit spread adjustment from that definition) plus a margin of 1.00% to 2.00%, each based on the Company’s Consolidated Total Leverage Ratio.
• The commitment fee on the unused portion of the facility ranges from 0.20% to 0.30% per annum, based on Consolidated Total Leverage Ratio.
• The Amendment increases the annual restricted-payment basket to $40,000,000, permits up to $35,000,000 of indebtedness secured by real property for a corporate headquarters, modifies certain permitted add-backs to Consolidated EBIT (subject to a 20% cap for specified add-backs), revises a default threshold to the greater of $10,000,000 and 10% of Consolidated EBITDA, and permits certain sale-leaseback transactions involving real property in Evansville, Indiana and corporate headquarters property, subject to conditions.

Why it may matter

• Item 1.01 was reported (entry into a material definitive agreement) describing the Amendment to the Company’s credit agreement. The filing also includes Item 2.03 (creation of a direct financial obligation) in connection with the Amendment.
• The filing does not show why the company acted.