secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0000950170-23-006580
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington exchanges $110.3M of 2.25% convertible notes due 2025 for cash based on March 8 VWAP
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- Total exchanged principal: $110,312,000 of 2.25% Convertible Senior Notes due 2025.
- Cash consideration based on volume-weighted average price of BURL common stock on March 8, 2023.
- Transactions expected to close on March 10, 2023, subject to customary closing conditions.
- Exchange agreements entered into privately with certain note holders; no conversion rights exercised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023006580/0000950170-23-006580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017023006580/burl-20230307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006580

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer