8-K - Designer Brands Inc. | StockGist

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Designer Brands Inc. entered into a Third Amendment to its Credit Agreement on February 27, 2026, reducing the FILO Facility maximum commitment from $30 million to $29.5 million, extending the maturity date of the Credit Facilities to the earlier of February 27, 2031 or the senior secured term loan maturity, and removing the SOFR credit spread adjustment.

Key Takeaways

1Entered Third Amendment to Credit Agreement dated March 30, 2022 on February 27, 2026 with The Huntington National Bank as Administrative Agent.

2ABL Facility maximum principal amount remains $600 million subject to Aggregate Borrowing Base.

3FILO Facility maximum commitment reduced from $30 million to $29.5 million; once repaid, cannot be reborrowed.

4Maturity date of Credit Facilities extended from March 30, 2027 to earlier of February 27, 2031 or maturity of senior secured term loan dated June 23, 2023.

5Term SOFR credit spread adjustment removed; other interest rates unchanged.

6Company agreed to comply with timelines for transitioning payment processing service provider.

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement On February 27, 2026, Designer Brands Inc. (the "Company") entered into a third amendment to its asset-based revolvin

Material Agreement

2.03

. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Third Amendment to Credit Agreement dated as of February 27, 2026

Financing

Transaction Details

Material Agreement

Agreement: Third Amendment to Credit Agreement
Parties: Designer Brands Inc., U.S. Borrowers, Designer Brands Canada Inc., Canadian Borrowers, U.S. Guarantors, Lenders, The Huntington National Bank as Administrative Agent

•Reduces FILO Facility maximum commitment from $30 million to $29.5 million
•Extends maturity date of Credit Facilities from March 30, 2027 to earlier of February 27, 2031 or maturity of senior secured term loan dated June 23, 2023
•Removes term SOFR credit spread adjustment; interest rates otherwise unchanged
•Provides for customary fees
•Requires compliance with timelines for transitioning payment processing service provider

Debt / Financing

Instrument: Asset-based revolving facility (ABL Facility) and first-in-last-out term loan facility (FILO Facility)
Principal: $600 million (ABL Facility); $29.5 million (FILO Facility)
Maturity: Earlier of February 27, 2031 or maturity date of senior secured term loan credit agreement dated June 23, 2023

Exhibits (2)

10.1

EX-10.1

8-K