Burlington Stores refinances $244M of debt with new 1.25% notes due 2027 and repurchases $25.8M stock

Burlington Stores, Inc.

Exchanged ~$244M of existing 2.25% convertible notes due 2025 for ~$258M of new 1.25% convertible notes due 2027.
Issued an additional ~$42.1M of new 1.25% notes in a private placement to certain investors.
Expects to repurchase 165,975 shares of common stock at $155.42 per share (~$25.8M).
Transaction lowers annual interest cost and extends debt maturity from 2025 to 2027.

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