Weis Markets, Inc. announced on October 29, 2026, the execution of an amendment to its revolving credit agreement with Wells Fargo Bank, National Association. The filing details the terms of the Fourth Amendment to Revolving Credit Agreement, which amends the original agreement from 2016 and previous amendments in 2019, 2021, and 2023.
The amended facility is an unsecured revolving credit facility with a total principal amount not to exceed $30 million. Additionally, the agreement provides for a discretionary availability of $70 million, bringing the total commitment to $100 million. The facility is scheduled to mature on October 1, 2030, with no principal payments required until that date.
Under the terms, the company is required to maintain a minimum trailing twelve-month EBITDA of not less than $175 million. The interest rate is calculated as one percent above the Daily Simple SOFR, or the Prime Rate if SOFR is unavailable. The company will also pay quarterly unused fees on the average daily unborrowed portion of the commitment at a rate of 0.25% per annum.
The amendment includes standard affirmative and negative covenants that restrict the company's ability to incur debt, create liens, make investments, and engage in certain transactions with affiliates. It also outlines customary events of default, including non-payment of obligations, covenant violations, bankruptcy, and changes in control.
