Weis Markets, Inc. announced it has entered into an amendment to its revolving credit agreement with Wells Fargo Bank, effective October 29, 2026. The amendment primarily extends the maturity date of the credit facility.
Key Details
- New Maturity Date: The unsecured revolving credit facility is now scheduled to mature on October 1, 2030.
- Facility Terms: The agreement provides for an unsecured revolving credit facility of up to $30 million, with an additional discretionary availability of $70 million.
- Interest Rate: The outstanding principal balance will bear interest at a rate of 1.00% above the Daily Simple SOFR.
- Financial Covenant: The company is required to maintain a minimum trailing twelve-month EBITDA of not less than $175 million, tested quarterly.