Bath & Body Works, Inc. (BBWI): debt financing — Bath & Body Works amends and restates senior secured ABL facility with five-year maturity

Bath & Body Works, Inc.

Facility matures five years after closing, with springing maturity 91 days prior to certain senior note maturities.
Borrowing base includes 95% credit card receivables, 85% accounts receivable, 90% inventory NOLV, and up to $150M real property.
Interest margins: SOFR loans 1.25%-1.75%, base rate loans 0.25%-0.75%; unused commitment fee 0.25%-0.30%.
Financial maintenance covenant requires 1.00:1.00 EBITDAR/fixed charges when excess availability < greater of $70M or 10% of max borrowing.
Existing lenders and new lenders participate; non-consenting lenders are assigned out at par.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bath & Body Works, Inc. amended credit facility with JPMorgan Chase Bank, N.A. at SOFR or an alternative base rate ... plus an interest rate margin ranging from ( maturing five years after the closing of the ABL Facility.

Instrument: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Rate: SOFR or an alternative base rate ... plus an interest rate margin ranging from (
Maturity: five years after the closing of the ABL Facility
Event: amendment

Exact text from the filing

On May 22, 2025, Bath & Body Works entered into an amendment and restatement of its senior secured asset-based revolving credit facility (the "ABL Facility").

View on SEC.gov

41 debt financings filed in the last 30 days. Browse all debt financings →

Bath & Body Works, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-006354

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.