Weis Markets, Inc. filed a current report on Form 8-K on November 3, 2026, disclosing that on October 29, 2026, the company entered into a Fourth Amendment to its Revolving Credit Agreement with Wells Fargo Bank, National Association, extending the facility's maturity to October 1, 2030.

Key Highlights

  • Unsecured revolving credit facility: The amended agreement provides an aggregate principal amount not to exceed $30,000,000.00, with an additional discretionary availability of $70,000,000.00.
  • New maturity date: The facility is scheduled to mature on October 1, 2030, with no principal payments due until that date.
  • Interest rate: Outstanding loan balances bear interest at 1.00% above Daily Simple SOFR, with a fallback to the Prime Rate if Daily Simple SOFR cannot be determined.
  • Unused fee: The company will pay a quarterly non-refundable unused fee at a rate of 0.25% per annum on the average daily unborrowed portion of the Commitment.
  • Letters of credit cap: Outstanding letter of credit liabilities cannot exceed $30,000,000.00 at any time, and the sum of outstanding loans and letter of credit liabilities cannot exceed the total Commitment.
  • EBITDA covenant: The company is required to maintain minimum EBITDA of not less than $175,000,000.00, tested quarterly on a trailing twelve-month basis.
  • Default interest rate: During any event of default, the lender may, at its discretion, apply an interest rate equal to 2% above the otherwise applicable rate.

Weis Markets' Fourth Revolving Credit Amendment: Key Terms and Covenants

According to the filing, Weis Markets, Inc., together with co-borrowers Dutch Valley Food Company, LLC; Weis Transportation, LLC; and WMK Financing, LLC (collectively referred to as "the Company"), entered into the Fourth Amendment to its Revolving Credit Agreement with Wells Fargo Bank, National Association on October 29, 2026. The filing notes that the original Credit Agreement dates to September 1, 2016, and was previously amended on August 21, 2019, September 29, 2021, and September 29, 2023. The company disclosed that "all terms and conditions remain consistent with those outlined in the Third Amended Agreement," except where specifically modified by this amendment.

The amended facility is unsecured, with a principal commitment of up to $30,000,000.00 and an additional discretionary availability of $70,000,000.00. The filing states that interest is computed on the basis of a 360-day year at 1.00% above Daily Simple SOFR, with a fallback to the Prime Rate. A default scenario would trigger the lender's option to charge 2% above the otherwise applicable rate. The company also pays a quarterly unused fee of 0.25% on the average daily unborrowed portion of the Commitment, and a letter of credit fee of 1.00% per annum on the actual daily undrawn face amount of issued letters of credit.

The filing identifies affirmative and negative covenants that, according to the company, "limit or restrict the Company's ability to: incur debt; create liens; make investments and acquisitions; engage in certain transactions with affiliates; consolidate or merge; sell, lease, abandon, or otherwise transfer or dispose of assets; enter into a management agreement or undergo a change in control; violate environmental laws; and change the nature of the Company's business." The minimum EBITDA requirement of $175,000,000.00 is defined in the filing to include net income plus interest expense, income tax expense, depreciation, and amortization, adjusted for certain non-recurring items. The 8-K was signed by Michael T. Lockard, Senior Vice President, Chief Financial Officer and Treasurer.

What Was Disclosed

Weis Markets reported entering into a Fourth Amendment to its revolving credit facility with Wells Fargo Bank on October 29, 2026, covering facility size, interest terms, letter of credit limits, financial covenants, and a new maturity date of October 1, 2030. The filing was made on NYSE:WMK.