---
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"
generated_at: "2026-05-20T19:22:15.518624+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bath & Body Works amends and restates senior secured ABL facility with five-year maturity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-006354
- JSON: https://secwatch.observer/filing/0000950103-25-006354.json
- Plain text: https://secwatch.observer/filing/0000950103-25-006354.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/701985/000095010325006354/0000950103-25-006354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.