Weyco Group extends $40 million credit facility maturity to Sept. 23, 2027
WEYS•Weyco Group amended its revolving credit facility with Associated Bank, extending its maturity to Sept. 23, 2027. Borrowing capacity remains $40 million, with pricing at one-month term SOFR plus 110 basis points.
1. Credit facility terms
The sixth amendment extends the facility’s maturity to Sept. 23, 2027, while keeping borrowing capacity at $40 million and pricing at one-month term SOFR plus 110 basis points. The facility is secured by a lien on general business assets and includes a minimum tangible net worth covenant; no other changes were made to the agreement.
