Weyco Group extends $40M credit facility

Weyco Group, Inc. has amended its revolving credit facility with Associated Bank.

Accepted by SEC EDGAR 10/01/2025 - 02:39 PM EDT

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Form Type

8-K

Rhea-AI Filing Summary

Weyco Group, Inc. has amended its revolving credit facility with Associated Bank. The Fifth Amendment extends the facility’s maturity to September 25, 2026 and lowers the interest rate margin on amounts borrowed by 15 basis points.

The amended agreement maintains a maximum available borrowing limit of $40.0 million, with borrowings bearing interest at the one-month term SOFR plus 110 basis points. The facility remains secured by the company’s general business assets and continues to include customary covenants, including a minimum tangible net worth requirement.

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.

FAQ

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

What credit facility change did Weyco Group (WEYS) disclose?

Weyco Group entered into a Fifth Amendment to its Credit Agreement with Associated Bank, extending the maturity of its revolving credit facility and reducing the interest rate margin.

How much can Weyco Group (WEYS) borrow under the amended credit facility?

Under the amended credit agreement, Weyco Group has a maximum available borrowing limit of $40.0 million on its revolving credit facility.

What is the new interest rate on Weyco Group’s revolving credit facility?

Borrowings under the amended revolving credit facility bear interest at the one-month term SOFR plus 110 basis points, reflecting a 15 basis point reduction in the margin.

When does Weyco Group’s amended revolving credit facility now mature?

The Fifth Amendment extends the maturity of Weyco Group’s revolving credit facility to September 25, 2026.

What secures Weyco Group’s amended credit facility?

The amended credit facility is secured by a security interest in Weyco Group’s general business assets and includes customary representations, warranties, and covenants.

Does the Weyco Group amendment add new financial covenants?

The amended agreement continues to include customary covenants, including a minimum tangible net worth financial covenant, with no additional covenant changes described in the disclosure.

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 26, 2025

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 26, 2025, Weyco Group, Inc. (the “Company”) entered into the Fifth Amendment to Credit Agreement (“Fifth 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 Fifth Amendment extends the maturity of the revolving credit facility to September 25, 2026, and reduces the interest rate margin applicable to amounts outstanding by 15 basis points. There are no other amendments to the Amended Credit Agreement pursuant to the Fifth 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 Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the Fifth Amendment to Credit Agreement dated September 26, 2025, which is filed as Exhibit 10.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 - Fifth Amendment to Credit Agreement, dated as of September 26, 2025

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: October 1, 2025	WEYCO GROUP, INC.

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

Source: View Original Filing on SEC EDGAR