Movado Group Extends Credit Facility to 2031 and Adjusts Commitments

Movado Group, Inc. has amended its credit agreement, extending the maturity of its senior secured revolving credit facility from October 2026 to July 2031. The amendment also reduces total commitments from $100 million to $75 million, eliminates a SOFR adjustment, and slightly increases interest rate margins. These adjustments reflect a recalibration of the company's financing structure.