Duluth Holdings (DLTH) amends credit agreement dated Oct 1, 2025

Duluth Holdings Inc. filed an 8-K reporting an Amendment No. 2 to its Credit Agreement dated October 1, 2025.

Rhea-AI Filing Summary

Duluth Holdings Inc. filed an 8-K reporting an Amendment No. 2 to its Credit Agreement dated October 1, 2025. The amendment is among Duluth Holdings Inc., certain financial institutions serving as lenders, and BMO Bank N.A. as Administrative Agent. The filing shows the document was dated October 3, 2025 and includes an Inline XBRL cover page reference.

The filing text provided does not disclose the amended financial terms, covenants, maturity dates, collateral, or any lender consents. No revenue, debt balances, or cash-flow impacts are stated in the excerpt.

Insights

Corporate Finance Counsel

TL;DR: An amendment to the credit agreement was executed; details are not disclosed here.

The company executed Amendment No. 2 to its credit agreement dated October 1, 2025 with lenders and BMO Bank N.A. as Administrative Agent. The filing excerpt identifies parties and dates but contains no contractual terms, pricing, covenant changes, maturity adjustments, or waivers.

Because specific financial or covenant information is absent, the main item to watch is any subsequent or full 8-K exhibits that include the amendment text or a summary of material terms, which would clarify potential effects on liquidity, leverage, or covenant compliance within the near term.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Duluth Holdings (DLTH) file in this 8-K?

The company reported Amendment No. 2 to its Credit Agreement, executed October 1, 2025, and filed with a document dated October 3, 2025.

Who are the parties to the credit agreement amendment?

The amendment lists Duluth Holdings Inc., certain financial institutions as lenders, and BMO Bank N.A. as Administrative Agent.

Does the filing disclose the amended loan amounts or covenant changes?

No. The provided excerpt does not include any loan amounts, covenant revisions, maturity dates, or other financial terms.

Is there a cover page or interactive data included?

Yes. The excerpt references a Cover Page Interactive Data File embedded in the Inline XBRL document.

When should investors expect more details about the amendment?

The filing excerpt does not state a timeline; investors should look for the full 8-K exhibits or subsequent filings that attach the amendment text.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/03/2025 - 09:28 AM Learn about SEC filing dates

false 0001649744 0001649744 2025-10-01 2025-10-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 1, 2025

DULUTH HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Wisconsin		001-37641		39-1564801
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

201 East Front Street

Mount Horeb, Wisconsin 53572

(Address of principal executive offices, including zip code)

(608) 424-1544

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class B Common Stock, No Par Value		DLTH		NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreements.

On October 1, 2025 (the “Second Amendment Effective Date”), Duluth Holdings Inc. (the “Company”) entered into the Amendment No. 2 to Credit Agreement, dated October 1, 2025 (the “Second Amendment”), among the Company, each Guarantor from time to time party hereto, certain financial institutions as Lenders thereto (the “Lenders”), and BMO Bank N.A., as administrative agent for the Lenders, to exercise its rights and amend the existing Credit Agreement, dated April 28, 2025, among the same parties (as amended prior to the date hereof, the “Credit Agreement”). The Second Amendment, among other things, (i) temporarily increases the aggregate revolving credit commitment under the Credit Agreement from $100 million to $125 million, as allowed by the existing Credit Agreement, beginning on the Second Amendment Effective Date until March 31, 2026, as of which date the revolving credit commitment will return to $100 million and (ii) permits the Company to request a second increase in the revolving credit commitment of $25 million during the term of the Credit Agreement after March 31, 2026 with the consent of the Administrative Agent, subject to credit approval of the Lenders and satisfaction of certain conditions.

The Second Amendment is filed as Exhibit 10.1 herewith and is incorporated herein by reference. The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by the full text of such agreement.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Amendment No. 2 to Credit Agreement, dated as of October 1, 2025, among Duluth Holdings Inc., certain financial institutions as Lenders thereto, and BMO Bank N.A., as Administrative Agent
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				DULUTH HOLDINGS INC.
Dated: October 3, 2025				By:		/s/ Heena Agrawal
						Heena Agrawal Senior Vice President and Chief Financial Officer