Burlington Stores, Inc. (BURL): debt financing — Burlington Stores subsidiary adds $500M in term loans; total term loans outstanding $1.74B

Burlington Stores, Inc.

Burlington Coat Factory Warehouse Corp. borrowed $500M in incremental Term B-7 Loans via Amendment No. 12 to credit agreement.
Proceeds will fund purchase of a distribution center and repay ABL borrowings.
Amendment No. 12 adds $500M at 99.0 OID; terms identical to existing Term B-7 Loans.
Total outstanding Term B-7 Loans (including new) now $1,743,750,000.
JPMorgan, BofA Securities, and Wells Fargo acted as joint lead arrangers.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Burlington Stores, Inc. incurred term loan of $500 million with JPMorgan Chase Bank, N.A..

Instrument: term loan
Principal: $500 million
Counterparty: JPMorgan Chase Bank, N.A.
Event: incurrence

Exact text from the filing

The parties entered into the Amendment in order to, among other things, incur $500 million of incremental term loans (the “Incremental Term Loans”) under the Term Loan Credit Agreement as additional Term B-7 Loans.

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Burlington Stores, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-086221

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