Movado amends revolving credit facility, extends maturity to 2031, cuts commitments to $75 million

• Movado Group amended its senior secured revolving credit facility with lenders led by Bank of America, extending maturity to July 16, 2031.
• Commitments cut to USD 75 million from USD 100 million.
• Pricing tightened on benchmarks: the 0.10% SOFR adjustment removed; interest rate margins increased by 0.10%.
• Facility includes USD 15 million letter-of-credit capacity; USD 25 million swingline; option to seek up to USD 50 million in uncommitted increases.
• No borrowings outstanding as of July 16, 2026; letters of credit totaled about USD 299,000; available capacity about USD 74.701 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Movado Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-26-002107), on July 16, 2026, and is solely responsible for the information contained therein.