UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreements. |
On October 1, 2025 (the “Second Amendment Effective Date”), Duluth Holdings Inc. (the “Company”) entered into the Amendment No. 2 to Credit Agreement, dated October 1, 2025 (the “Second Amendment”), among the Company, each Guarantor from time to time party hereto, certain financial institutions as Lenders thereto (the “Lenders”), and BMO Bank N.A., as administrative agent for the Lenders, to exercise its rights and amend the existing Credit Agreement, dated April 28, 2025, among the same parties (as amended prior to the date hereof, the “Credit Agreement”). The Second Amendment, among other things, (i) temporarily increases the aggregate revolving credit commitment under the Credit Agreement from $100 million to $125 million, as allowed by the existing Credit Agreement, beginning on the Second Amendment Effective Date until March 31, 2026, as of which date the revolving credit commitment will return to $100 million and (ii) permits the Company to request a second increase in the revolving credit commitment of $25 million during the term of the Credit Agreement after March 31, 2026 with the consent of the Administrative Agent, subject to credit approval of the Lenders and satisfaction of certain conditions.
The Second Amendment is filed as Exhibit 10.1 herewith and is incorporated herein by reference. The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by the full text of such agreement.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |
| 10.1 | Amendment No. 2 to Credit Agreement, dated as of October 1, 2025, among Duluth Holdings Inc., certain financial institutions as Lenders thereto, and BMO Bank N.A., as Administrative Agent | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DULUTH HOLDINGS INC. | ||||||
| Dated: October 3, 2025 | By: | /s/ Heena Agrawal | ||||
| Heena Agrawal Senior Vice President and Chief Financial Officer | ||||||