Item 1.01. Entry into a Material Definitive Agreement.

On May 7, 2020, Mohawk Industries, Inc. (the "Company") entered into an amendment to each of its senior credit facilities. The amendments, among other things, (i) increased the Consolidated Net Leverage Ratio financial maintenance covenant from 3.75:1.00 to 4.75:1.00, (ii) increased the amount of cash and cash equivalents that can be netted against indebtedness for purposes of determining compliance with the Company's financial covenants from $300 million to $500 million, and (iii) increased the amount of cash restructuring costs and business optimization expenses, costs related to the closure and/or consolidation of facilities and other related costs and expenses that can be added back to Consolidated EBITDA from 7.5% of Consolidated EBITDA to $120 million. Our Consolidated Net Leverage Ratio for the twelve months ended March 28, 2020 was 1.7:1.00. Solely with respect to the senior revolving credit facility, the amendment increased the interest rate, letter-of-credit fees and commitment fees payable by the Company if the Company's Consolidated Net Leverage Ratio exceeds 3.75:1.00. The amendments will be effective for the fiscal quarters ending on September 26, 2020 through (and including) the fiscal quarter ending December 31, 2021. Capitalized terms used herein have the meanings given to them in the respective senior credit facility.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the each of the amendments to the Company's senior credit facilities, which are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

The documents included as exhibits to this Current Report on Form 8-K are filed solely to provide information about their terms, are not intended to provide any factual or other information about the Company or the other parties to the agreements, and should not be relied upon by investors for any other purpose.



  (d) Exhibits.



  10.1        First Amendment to Credit Agreement, dated as of May 7, 2020, by and
            among the Company, the guarantors party thereto, Wells Fargo Bank,
            National Association, as administrative agent, and the other lenders
            party thereto.

  10.2        Second Amendment to Second Amended and Restated Credit Agreement,
            dated as of May 7, 2020, by and among the Company and certain of its
            subsidiaries, as borrowers, Wells Fargo Bank, National Association, as
            administrative agent, and the other lenders party thereto.

  104       Cover Page Interactive Data File (embedded within the Inline XBRL
            document)


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