Movado amends credit facility, extends maturity to 2031 while reducing size to $75M

Filed July 16, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

• medium

  Extended revolving credit facility maturity from Oct 2026 to Jul 2031, providing five additional years of committed liquidity, while reducing total commitments from $100M to $75M.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Increased interest rate margins by 0.10% per annum while eliminating a 0.10% SOFR adjustment, resulting in a net neutral pricing change but slightly higher borrowing costs.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Currently has minimal facility utilization with no drawn loans and only $299K in letters of credit outstanding, leaving approximately $74.7M available.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →