BJ's Wholesale Club enters $1.2B ABL revolving credit facility, replaces prior facility

BJ's Wholesale Club Holdings, Inc.

New $1.2B ABL revolving facility with Bank of America as administrative agent; matures July 28, 2027.
Borrowing base based on inventory, accounts and credit card receivables; secured by substantially all assets (excl. real estate).
Interest at SOFR or Base Rate plus applicable margin; unused commitment fee 0.20% per annum.
Prior $1.2B revolving credit facility with Wells Fargo Bank terminated concurrently on July 28, 2022.
Facility contains customary covenants restricting dividends, indebtedness, investments; events of default include change of control.

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