Weyco Group Extends $40M Credit Line to 2027

The credit agreement secures the facility with Weyco's general business assets and includes a minimum tangible net worth covenant.

Available on EDGAR 09/24/2026 - 03:59 PM EDT Accepted by SEC EDGAR 09/24/2026 - 03:59 PM EDT

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Form Type

8-K

Rhea-AI Filing Summary

WEYCO Group, Inc. amended its revolving credit facility with Associated Bank, National Association, extending the facility’s maturity to September 23, 2027. The agreement has a maximum available borrowing limit of $40.0 million; outstanding amounts bear interest at one-month term SOFR plus 110 basis points. Weyco states that the amendment makes no other changes to the agreement.

Filing Explained

The filing states that Weyco’s revolving facility is secured by a security interest in its general business assets and includes covenants, including a minimum tangible-net-worth financial covenant.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 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 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, or exhibit attachments filed with this report.

Key Figures

Maximum available borrowing limit: $40.0 million Interest rate: One-month term SOFR plus 110 basis points Facility maturity: September 23, 2027

3 metrics

Maximum available borrowing limit $40.0 million Amended revolving credit facility

Interest rate One-month term SOFR plus 110 basis points Amounts outstanding under the amended agreement

Facility maturity September 23, 2027 Maturity of the revolving credit facility

Key Terms

revolving credit facility, secured overnight financing rate, security interest, minimum tangible net worth financial covenant, +1 more

5 terms

revolving credit facility financial

"amending its revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

secured overnight financing rate financial

"one-month term secured overnight financing rate (“SOFR”)"

A secured overnight financing rate (SOFR) is a daily benchmark interest rate that reflects the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Think of it as the market price to “rent” cash for a day with a very safe pledge, similar to paying a short-term rental fee for money backed by government bonds. Investors track SOFR because it underpins pricing for loans, bonds and derivatives, so movements change borrowing costs, interest income and the valuation of interest-rate–linked positions.

security interest financial

"secured by a security interest in Company’s general business assets"

A security interest is a legal claim a lender or creditor holds on a borrower's asset as collateral to secure repayment; if the borrower fails to pay, the creditor can seize or sell that asset to recover money owed. Think of it like a pawnshop tag on an item that gives the pawnbroker the right to sell it if the loan isn't repaid. For investors, security interests matter because they change how safely lenders and bondholders can recover funds and affect the hierarchy of claims if a company faces financial trouble.

minimum tangible net worth financial covenant financial

"including a minimum tangible net worth financial covenant"

basis points financial

"plus 110 basis points"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

FAQ

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

When does WEYS's revolving credit facility mature?

WEYCO Group's revolving credit facility matures on September 23, 2027.

What are the borrowing limit and interest rate under WEYS's amended credit facility?

The amended agreement has a maximum available borrowing limit of $40.0 million, and amounts outstanding bear interest at one-month term SOFR plus 110 basis points.

What collateral and financial covenant apply to WEYS's credit facility?

The facility is secured by a security interest in WEYCO Group's general business assets and includes customary representations, warranties, and covenants, including a minimum tangible net worth financial covenant.

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

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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): September 24, 2026

WEYCO GROUP, INC.

(Exact name of registrant as specified in its charter)

Wisconsin

0-9068

39-0702200

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

333 W. Estabrook Blvd.

Glendale, WI

53212

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (414) 908-1600

(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:


☐	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 240.13a-4(c))

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


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock - $1.00 par value per share	WEYS	The Nasdaq Stock Market

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

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.

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.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 - Sixth Amendment to Credit Agreement, dated as of September 24, 2026

104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signature

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.


Date: September 24, 2026	WEYCO GROUP, INC.

	/s/ Judy Anderson
	Judy Anderson
	Vice President, Chief Financial Officer and Secretary

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 19.8 KB