secwatch.observer — SEC 8-K summary
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Issuer:     BJ's Wholesale Club Holdings, Inc. (BJ)
CIK:        0001531152
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001104659-22-085169
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1531152/000110465922085169/0001104659-22-085169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1531152/000110465922085169/tm2222336d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-085169

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