Movado amends revolving credit facility, extends maturity to 2031, cuts commitments to $75 million
MOV•Availability at July 16, 2026
No borrowings were outstanding as of July 16, 2026; letters of credit totaled about $299,000; available capacity was about $74.701 million.
Pricing and borrowing terms change
Pricing tightened on benchmarks: the 0.10% SOFR adjustment was removed; interest rate margins increased by 0.10%.
The facility includes $15 million letter-of-credit capacity, a $25 million swingline, and an option to seek up to $50 million in uncommitted increases.
Movado amends senior secured revolving credit facility
Movado Group amended its senior secured revolving credit facility with lenders led by Bank of America, extending maturity to July 16, 2031.
Commitments were cut to $75 million from $100 million.
