STOCK TITAN
  1. Home
  2. Sec-filings
  3. MOV
  4. [8-K] MOVADO GROUP INC Reports Material Event

Movado Group (NYSE: MOV) extends $75M revolver and trims commitments

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Movado Group, Inc. entered into Amendment No. 7 to its Amended and Restated Credit Agreement, extending the maturity of its senior secured revolving credit facility from October 28, 2026 to July 16, 2031 and reducing total commitments from $100.0 million to $75.0 million. The amendment also eliminates the 0.10% per annum SOFR adjustment and increases interest rate margins under the facility by 0.10% per annum.

The facility includes a $15.0 million letter of credit subfacility and a $25.0 million swingline subfacility, with provisions for uncommitted increases of up to $50.0 million in the aggregate. As of July 16, 2026, no loans were drawn and approximately $299,000 in letters of credit were outstanding, resulting in approximately $74.701 million of availability under the facility.

Positive

  • None.

Negative

  • None.
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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit facility commitments $75.0 million Total commitments after Amendment No. 7
Prior facility commitments $100.0 million Commitments before Amendment No. 7
Facility maturity date July 16, 2031 New maturity of senior secured revolving credit facility
Letter of credit subfacility $15.0 million Maximum amount under letter of credit subfacility
Swingline subfacility $25.0 million Maximum amount under swingline subfacility
Uncommitted increase option $50.0 million Potential aggregate increase in commitments, subject to conditions
Outstanding letters of credit $299,000 Outstanding under the facility as of July 16, 2026
Available borrowing capacity $74.701 million Availability under the facility as of July 16, 2026
senior secured revolving credit facility financial
"the Company’s senior secured revolving credit facility (the “Facility”)"
A senior secured revolving credit facility is a multi‑use bank lending line that a company can draw, repay and redraw as needed, backed by specific assets and ranked first in repayment order if the company defaults. Think of it like a collateralized credit card that gives flexible short‑term cash while lenders hold priority to recover their money; investors watch it because it affects a company’s liquidity, borrowing cost, and who gets paid first in financial distress.
SOFR adjustment financial
"eliminates the 0.10% per annum SOFR adjustment"
letter of credit subfacility financial
"The Facility includes a $15.0 million letter of credit subfacility"
swingline subfacility financial
"a $25.0 million swingline subfacility, with provisions for uncommitted increases"
uncommitted increases financial
"with provisions for uncommitted increases of up to $50.0 million in the aggregate"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →

FAQ

What change did Movado Group (MOV) make to its credit facility maturity?
Movado Group extended the maturity of its senior secured revolving credit facility to July 16, 2031, from October 28, 2026. This provides a longer-term committed liquidity backstop for the company under its existing bank group structure.

What is the size of Movado Group’s (MOV) amended revolving credit facility?
After Amendment No. 7, Movado Group’s revolving credit facility commitments are $75.0 million, reduced from $100.0 million. This facility remains the core senior secured liquidity line for the company and supports ongoing working capital and general corporate needs.

How much liquidity is available under Movado Group’s (MOV) facility after the amendment?
As of July 16, 2026, Movado Group had approximately $74.701 million of availability under the facility. No loans were drawn, and only about $299,000 was utilized through outstanding letters of credit, leaving most of the line unused.

How did Amendment No. 7 affect Movado Group’s (MOV) interest terms?
The amendment removes the 0.10% per annum SOFR adjustment and increases interest rate margins by 0.10% per annum. Together, these changes alter the overall pricing grid on borrowings under the senior secured revolving credit facility going forward.

What subfacilities are included in Movado Group’s (MOV) amended credit agreement?
The facility includes a $15.0 million letter of credit subfacility and a $25.0 million swingline subfacility. It also permits uncommitted increases of up to $50.0 million in the aggregate, subject to customary terms and conditions with the lenders.
false 0000072573 0000072573 2026-07-16 2026-07-16 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

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): July 16, 2026

 

MOVADO GROUP, INC.
(Exact name of registrant as specified in its charter)

 

New York 1-16497 13-2595932
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)

 

650 FROM ROAD, SUITE 375

PARAMUS, NJ 07652-3556

(Address of principal executive offices) (Zip Code)
 
(201) 267-8000
(Registrant’s Telephone Number, Including Area Code)
 
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)

 

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

Common stock, par value $0.01 per share   MOV   New York Stock Exchange

 

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 Agreement.

 

On July 16, 2026, Movado Group, Inc. (the “Company”), together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (together with the Company, the “U.S. Borrowers”), each a wholly owned domestic subsidiary of the Company, MGI Luxury Group GmbH (the “Swiss Borrower” and, together with the U.S. Borrowers, the “Borrowers”), a wholly owned Swiss subsidiary of the Company, and Movado Group Nederland B.V., a wholly owned Netherlands subsidiary of the Company, as guarantor (the “Guarantor”), entered into an Amendment No. 7 to Credit Agreement (the “Amendment”) with the lenders party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Agent”), which amends the Company’s Amended and Restated Credit Agreement dated as of October 12, 2018 by and among the Borrowers, the Guarantors, the lenders party thereto and the Agent (the “Credit Agreement”). The Amendment, among other things, (i) extends the maturity of the Company’s senior secured revolving credit facility (the “Facility”) provided under the Credit Agreement from October 28, 2026 to July 16, 2031, (ii) reduces the commitments under the Facility from $100.0 million to $75.0 million, (iii) eliminates the 0.10% per annum SOFR adjustment and (iv) increases the interest rate margins under the Facility by 0.10% per annum.

 

The Facility includes a $15.0 million letter of credit subfacility and a $25.0 million swingline subfacility, with provisions for uncommitted increases of up to $50.0 million in the aggregate subject to customary terms and conditions. As of July 16, 2026, no loans were drawn, and approximately $299,000 in letters of credit were outstanding, under the Facility. As of July 16, 2026, availability under the Facility was approximately $74.701 million.

 

The foregoing description of the Amendment is not complete and is subject to and qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference.

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit
No.		   Description of Exhibit
   
10.1   Amendment No. 7 to Credit Agreement, dated July 16, 2026, by and among the Borrowers, the Guarantor, the lenders party thereto and the Agent.
   
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 16, 2026

 

  MOVADO GROUP, INC.  
       
  By: /s/ Mitchell Sussis  
  Name: Mitchell Sussis  
  Title: Senior Vice President and General Counsel  

 

 

 

 

   

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents