Movado Group amends credit facility, extends maturity to July 2031, cuts commitments to $75 million
Movado Group entered Amendment No. 7 to its credit agreement with Bank of America as administrative agent, extending its senior secured revolving credit facility from October 28, 2026 to July 16, 2031. The amendment also reduces the facility's commitments from $100.0 million to $75.0 million and raises interest rate margins by 0.10% per annum. As of July 16, 2026, no loans were drawn under the facility, so the changes mainly affect the company's long-term borrowing terms and available credit capacity.
Key points
- Maturity extended from October 28, 2026 to July 16, 2031
- Commitments reduced from $100.0 million to $75.0 million
- Interest rate margins increased by 0.10% per annum; 0.10% SOFR adjustment eliminated
- As of July 16, 2026, no loans drawn, about $299,000 in letters of credit outstanding, and availability of about $74.701 million
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2026.
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