Oxford Industries, Inc. filed a Form 8-K on November 2, 2026, disclosing that on October 29, 2026, the company entered into a third amendment to its Fourth Amended and Restated Credit Agreement, extending the facility's maturity date and modifying several of its terms.

Key Highlights

  • Maturity extended: The credit facility's maturity date was extended from March 6, 2028 to October 29, 2031.
  • Facility size: The Credit Agreement is a $325 million senior secured, asset-based revolving credit facility.
  • Borrowers named: Oxford Industries, Inc. and its subsidiary Tommy Bahama Group, Inc. are named as borrowers under the agreement.
  • Administrative agent: Truist Bank, successor by merger to SunTrust Bank, serves as administrative agent.
  • Interest rate adjustment: The amendment removes the SOFR credit spread adjustment, with effective interest rates described as remaining unchanged.
  • Additional flexibility: The amendment modifies certain provisions to allow additional flexibility in payment conditions for acquisitions, investments, and restricted payments.

Oxford Industries Amends and Extends Its $325 Million Revolving Credit Facility

According to the filing, Oxford Industries entered into the Third Amendment on October 29, 2026, modifying its Fourth Amended and Restated Credit Agreement originally dated May 24, 2016. The company and Tommy Bahama Group, Inc. are listed as borrowers, with certain domestic subsidiaries of the company serving as guarantors. Truist Bank, successor by merger to SunTrust Bank, acts as administrative agent, and multiple financial institutions are party to the agreement as lenders. The company's common stock is listed on the NYSE:OXM.

The filing describes the credit facility as "a senior secured, asset-based revolving credit facility," with proceeds generally available for working capital and general corporate purposes, as well as to fund acquisitions and investments. The Third Amendment extends the maturity date by approximately three and a half years, from March 6, 2028 to October 29, 2031. It also streamlines the interest rate calculation by removing the SOFR credit spread adjustment, while the filing states that effective interest rates remain unchanged.

Beyond the maturity extension and interest rate adjustment, the amendment modifies certain provisions to allow additional flexibility in payment conditions for acquisitions, investments, and restricted payments, amends certain borrowing base provisions, and makes what the filing describes as "certain other customary modifications to restrictions applicable to the Company and its subsidiaries." The filing notes that the description of the Third Amendment "is not complete and is qualified in its entirety by the actual terms of the Third Amendment," which is attached as Exhibit 10.1. The report was signed by Jonathan O. Leptich, Corporate Secretary, on October 30, 2026.

What Was Disclosed

Oxford Industries disclosed the execution of a third amendment to its $325 million revolving credit agreement, extending the maturity to October 29, 2031, removing the SOFR credit spread adjustment, and modifying provisions related to acquisitions, investments, restricted payments, and borrowing base calculations.