WEIS MARKETS INC (WMK) Form 8-K — Nov 3, 2026
Weis Markets amended its revolving credit agreement with Wells Fargo on October 29, 2026, extending the maturity date to October 1, 2030. The amended facility is an unsecured revolver of up to $30 million, with an additional $70 million of discretionary availability, and remains priced at Daily Simple SOFR plus 1.00% with a 0.25% unused fee. The company must maintain trailing twelve-month EBITDA of at least $175 million, and no principal payments are due until maturity.
Key figures
- Debt Amount
- 30000000
- Interest Rate
- Daily Simple SOFR + 1.00%
- Maturity Date
- October 1, 2030
- Unused fee rate
- 0.25%
- Commitment total
- $100,000,000 ($30M revolver + $70M discretionary availability)
- Default rate premium
- 2% above interest rate during event of default
- Letter of credit cap
- $30,000,000
- Letter of credit fee
- 1.00% per annum
- Minimum ebitda covenant
- $175,000,000 trailing twelve months
AI analysis
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