{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-006354","form_type":"8-K","ticker":"BBWI","cik":"0000701985","company_name":"Bath & Body Works, Inc.","filed_at":"2025-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.054000+00:00","generated_at":"2026-05-20T19:22:15.518624+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bath & Body Works amends and restates senior secured ABL facility with five-year maturity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-006354","json":"https://secwatch.observer/filing/0000950103-25-006354.json","markdown":"https://secwatch.observer/filing/0000950103-25-006354.md","text":"https://secwatch.observer/filing/0000950103-25-006354.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/701985/000095010325006354/0000950103-25-006354-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/701985/000095010325006354/dp229149_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T19:22:15.518624+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ff439efd907552982e624aa130274b6d863e7c8a","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/701985/000095010325006354/0000950103-25-006354-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"SOFR or an alternative base rate ... plus an interest rate margin ranging from ("},{"label":"Maturity","value":"five years after the closing of the ABL Facility"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}