--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-029729" form_type: "8-K" ticker: "VNCE" cik: "0001579157" company_name: "VINCE HOLDING CORP." filed_at: "2023-06-26T23:59:59+00:00" generated_at: "2026-06-13T17:03:19.388613+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Vince Holding refinances with $85M ABL credit facility, extends maturity to 2028 ## Summary - New $85M senior secured ABL revolving credit facility with Bank of America, maturing June 2028. - Replaces previous $70M facility maturing 2024; repaid in full and terminated. - Fourth amendment to third lien credit agreement extends its maturity to September 2028. - CEO Jack Schwefel says refinancing strengthens balance sheet and enhances shareholder returns. ## SEC filing metadata - accession: 0000950170-23-029729 - form_type: 8-K - ticker: VNCE - cik: 0001579157 - company_name: VINCE HOLDING CORP. - filed_at: 2023-06-26T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 1.02, 2.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/vnce-20230626.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-029729 - JSON: https://secwatch.observer/filing/0000950170-23-029729.json - Plain text: https://secwatch.observer/filing/0000950170-23-029729.txt ## Key facts - Debt Financings VINCE HOLDING CORP. incurred revolving credit of $85 million with Bank of America, N.A. at Term SOFR, the Base Rate, or SOFR Daily Floating Rate maturing the earlier of June 23, 2028 and 91 days prior to the earliest maturity date of any Material Indebtedness. - Instrument: revolving credit - Principal: $85 million - Counterparty: Bank of America, N.A. - Rate: Term SOFR, the Base Rate, or SOFR Daily Floating Rate - Maturity: the earlier of June 23, 2028 and 91 days prior to the earliest maturity date of any Material Indebtedness - Event: incurrence source text: On June 23, 2023, Vince, LLC (the “Borrower”), an indirectly wholly owned subsidiary of Vince Holding Corp. (the “Company”), entered into a new $85 million senior secured revolving credit facility evidence_url: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm - Debt Financings VINCE HOLDING CORP. amended credit facility with SK Financial Services, LLC maturing the earlier of (i) September 30, 2028 and (ii) 91 days prior to the earliest maturity date of any Material Indebtedness. - Instrument: credit facility - Counterparty: SK Financial Services, LLC - Maturity: the earlier of (i) September 30, 2028 and (ii) 91 days prior to the earliest maturity date of any Material Indebtedness - Event: amendment source text: On June 23, 2023, the Borrower entered into the Fourth Amendment (the “Third Lien Fourth Amendment”) to the Third Lien Credit Agreement. The Third Lien Fourth Amendment amends the Third Lien Credit Agreement to, among other things, (a) extend the Third Lien Credit Agreement’s maturity date to the earlier of (i) September 30, 2028 evidence_url: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm - Material Agreements VINCE HOLDING CORP. amended Third Lien Fourth Amendment (effective 2023-06-23). - Action: amendment - Agreement: credit facility - Effective: 2023-06-23 source text: On June 23, 2023, the Borrower entered into the Fourth Amendment (the “Third Lien Fourth Amendment”) to the Third Lien Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm - Material Agreements VINCE HOLDING CORP. entered into Credit Agreement with Bank of America, N.A. as Agent, the other lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole bookrunner valued at $85 million (effective 2023-06-23). - Action: entry - Agreement: credit facility - Counterparty: Bank of America, N.A. as Agent, the other lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole bookrunner - Value: $85 million - Effective: 2023-06-23 source text: On June 23, 2023, Vince, LLC (the “Borrower”), an indirectly wholly owned subsidiary of Vince Holding Corp. (the “Company”), entered into a new $85 million senior secured revolving credit facility (the “Revolving Credit Facility”) pursuant to a Credit Agreement (the “Credit Agreement”) by and among the Borrower, the guarantors named therein, Bank of America, N.A. (“BofA”), as Agent, the other lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole bookrunner. evidence_url: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm - Material Agreements VINCE HOLDING CORP. terminated a credit facility with Citizens Bank, N.A., as administrative agent and collateral agent, and other lenders from time to time party thereto. - Action: termination - Agreement: credit facility - Counterparty: Citizens Bank, N.A., as administrative agent and collateral agent, and other lenders from time to time party thereto source text: All outstanding amounts under the Borrower’s existing $70 million senior secured revolving credit facility with Citizens Bank, N.A., as administrative agent and collateral agent, and other lenders from time to time party thereto, were repaid in full and such facility was terminated pursuant to the terms thereof as a result of all parties completing their obligations under such facility. evidence_url: https://www.sec.gov/Archives/edgar/data/1579157/000095017023029729/0000950170-23-029729-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.