debt
confidence high
sentiment neutral
materiality 0.60
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 1.01item 2.03item 9.01