---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-109645"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2024-09-26T23:59:59+00:00"
generated_at: "2026-05-31T01:33:21.168278+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Burlington Stores refinances $933M term loan; upsizes to $1.25B, extends maturity to 2031, reduces margin

## Summary
- Refinanced $933M of term B-6 loans with $1,250M term B-7 loans, including $317M incremental term loans.
- Maturity extended from June 24, 2028 to September 24, 2031, a ~3.3-year extension.
- Interest rate margins reduced: prime from 1.00% to 0.75%, SOFR from 2.00% to 1.75% with 0.00% floor.
- Original issue discount of 99.5; proceeds used to repay non-converted B-6 loans and for general corporate purposes.

## SEC filing metadata
- accession: 0000950170-24-109645
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2024-09-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579298/000095017024109645/0000950170-24-109645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000095017024109645/burl-20240924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-109645
- JSON: https://secwatch.observer/filing/0000950170-24-109645.json
- Plain text: https://secwatch.observer/filing/0000950170-24-109645.txt

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